That makes the sense .In addition to @dineshssairam points that once is consumption-related stocks was considered the biggest driver for the economy and NBFC played a key role in economic expansion for segments that are not catered by banks. This slow consumption period will go for one or two quarters even The IMF, too, has cut its projection for India’s economic growth by 0.3 percentage point to 7 per cent for 2019-20 citing weak demand. ( source : https://economictimes.indiatimes.com/news/economy/indicators/imf-cuts-indias-fy20-growth-forecast-by-30-bps-to-7/articleshow/70348753.cms)
due to these facts the sectors like consumer staples, quick service restaurants (QSRs), automobile and jewellery (which are consumer discretionary item apart from the basic needs ) are already facing multiple challenges .ITC , Titan ,Bajaj consumer ,Jyoti labs , Havells , Symphony , Britannia , major automobile companies are not flying high and the same is reflected in their price . one should be sit tight on the lines.
I am not saying the one can TIME the market but tone CAN WELL control the LOSS … i have done mistakes in past. That’s the reasons senior VP’s also advocate one became a better investor once he gone through the bear phase. This is Not BEAR phase but the MARKET is moving in RANGE and slow bumps and humps seems like detrimental phase for certain stocks , which is just like killing someone by Pricking niddles .
However the POCKET of growth remained in Individual stocks . If we talk about non FMCG sector for example Bajaj finance is racing ahead of its peers , The global increased demand of brufene due to the closure of Chinese facilities and BASF closure of plant of brufene give a boost to the export and IOLCP is better beneficial .which is major worlds’ largest backward integrated plant to manufacture brufene .HDFC life is another company beating it’s own sector. ( These are not FMCG companies 0
Amidst of this investor pay attention to own strategy and look inward what mistakes he has done in past and how he can use this opportunity of discounted equities .
Disc: I am not SEBI Approved analyst .the stocks mention above are not hereby recommended to buy sell or hold .One may do his or her due diligence and consult SEBI approved analyst before investing