People, do not get perturbed, by Oct phenomena. The indian markets have so far performed really well and we have under-performed on the downside both on indices and rupee de-valuation viz-a-viz other developing economies. Crude is going lower and lower and this is great news for india (and probably also explains why rupee has not been de-valued too much thus far) but it should stabilize in near future. Although a few percentage points downside cannot be ruled out, one should use it as a test of your conviction on the businesses that you are holding and not loose sleep. This is what makes markets exciting, Some downside and a lot of upside.
Some stocks have also fallen and are looking juicy now. One should use the opportunity judiciously and do not get disturbed by short term phenomena and loose sight of the bigger Picture. Sometime it “pays” to switch off the tv. India story is just starting to unfold, enjoy the bull run and remember corrections will always happen. Cheers. God Bless.