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Think market may fall further owing to factors such as

>Rate hikes by the US Federal Reserve
>Rising crude oil prices,
>Falling rupee
>Souring trade relations between US and China
>NBFC's extended fall

Rate sensitive stocks and mid-and small-cap segments will get hit.
Investors should clearly avoid these two and look at safe-havens of fast moving consumer goods (FMCG), pharma and healthcare sectors

And add to this :

>Rising Bond yields
>Foreign Capital Outflows