Markets are dull now, with a fear of the US raising interest rates, the markets are over valued technically.So, a healthy correction has set in. Telecom companies are spending a lot of money on spectrum auction, which might effect the profitability of telecom stocks. The coal auction also has got in a lot of money to the Government. But still markets are dull, as stocks are much over valued , what is taking place is a healthy correction which had to happen. Profits can be made slowly. Have patience we will all reap benefits, I remember in early 2000 M&M was Rs 40/ now it is above Rs 1000/ be on the look out for good stocks. ITC, is one such stock which is doing well in its FMCG businesses, which are growing every year in addition to its cigarette business. HAPPY TRADING & INVESTING.