Motilal Oswal Financial Services’ chairman Raamdeo Agrawal shares his insights on the current market trends, Indian equities, market valuations, state and general elections, bank stocks, IT stocks, and new-age businesses. He believes that the market is currently in a healthy correction phase and that corporate earnings have surprised. However, valuations are not very cheap, and the market is well-priced. Agrawal also discusses the uncertainty around elections and its impact on foreign investment and the performance of bank stocks and IT stocks. He further talks about the challenges and opportunities in the IT sector, as well as the future prospects of new-age businesses.