Indian markets turned volatile with Nifty slipping below 25,800 as Q2 results disappointed, says Dharmesh Kant of Cholamandalam Securities. With BFSI and IT posting modest growth and muted sector guidance, Kant expects a 4–5% correction in November. He remains bullish on PSU banks, metals, and defence, while expecting profit-taking in auto stocks amid weak festive volumes and high valuations.
