As you are aware our market have had made a frenzied move for the past couple of session and it was but natural that selling pressure had to come-in. The move was basically owing to expected good monsoons, GST related positive development and the funds pouring in in the India market.
RBI has not effected the rate cut for the fact that veg and other consumables - prices are rising giving place to inflation and with arrears of 7th Pay Commission being released, it may add to the inflation. No doubt since the process of implementation of GST is on at different stages of working system, overall trend is up.
One should buy selectively, now on and parting selling at each higher level should be resorted to.
Wish the best of rewards coming your way, always.