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The Indian stock market is in a strong bull run and every bull run has sharp profit booking during its journey which we are witnessing currently. The undertone remains bearish in the short term as long as we stay below the level of 18,000.

The brokerage is bullish on the premise that “that faster deposit accretion for HDFC Bank from a system standpoint may be achievable, while grandfathering of bank borrowings may be permitted. Unsecured share in the merged entity might remain between 11-12 per cent, as the mortgage portfolio (higher ticket size) would grow aggressively.

Shoppers Stop has hit a new 52-week high. The stock is almost at a new all-time high. The stock has moved up from 400 in June all the way to 700-750. So a good part of the trade is over, but structurally the trend is positive across this space. A 5% to 10% correction from here is where I would look at investing.

Growth stocks, especially with high valuation multiples are vulnerable to high inflation rates. In order to curb inflation, the central bank raises interest rates which ultimately causes bond yields to rise. This doesn’t bode well for growth stocks.

"It is time to be cautious but not fearful. Already the positions are light, and the mood is full of pessimism with record high level of cash in institutions globally," says Gaurav Dua - SVP, Head - Capital Market Strategy – Sharekhan by BNP Paribas.

Thus, an approach that factors in stocks across sectors, market cap, high-medium-low risk categories, growth & value will withstand pressures in times of stress and generate healthy alpha and create wealth over the long term.

This is perhaps the most critical metric on which investors evaluate their investment. The returns an investment offers given the level of risk associated with it. It enables you to compare high-risk and low-risk return investments.

Analysts expect mid and smallcaps to continue their outperformance in the short to medium term as they are trading reasonably well compared to largecaps and are at a discount to their historic valuation trend.

The thematic fund that gained 13.65 per cent in August is betting on JSW Energy in a big way as it is its biggest holding with a weightage of 9.78 per cent. Other top holdings include Titagarh Wagons, Time Technoplast, J Kumar Infraprojects and SP Apparels.

World Bank chief economist Indermit Gill said Thursday he was concerned about "generalised stagflation", a period of low growth and high inflation, in the global economy, according to Reuters. The IMF said downside risks continue to dominate the economic outlook but it was too early to say if there will be a widespread global recession.