Current Status of Indian Stock Market Trading Tips

Indian markets are trading closer to the lower end of long-term historical valuation band at 12.8x FY17 earnings - Macquarie.India's NSE index has fallen as much as 12.3 pct from its record high hit in March.

Similar-sized corrections have been seen in previous bull cycles and have been good entry points.Structural reforms being pursued by government are laying strong foundation for sustained growth; consensus expectations have moderated to more realistic levels.Top stocks that have fallen more than 15 pct and look attractive include ITC, Sun Pharmaceutical Industries and Asian Paints.

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