China's slowdown is putting pressure on commodities market: Hemindra Hazari

In a chat with ET Now, Hemindra Hazari, Market Analyst, shares his views on equity markets

ET Now: So within the equity markets what sectors are looking extremely over heated right now which do not really sort of regard the valuations that they are currently at?

Hemindra Hazari: By and large everything has gone up in this market, everything looks over heated. Banking has gone up and people are still talking about that it is the beginning of a multi-year bull cycle run. Commodities are under lot of pressure because China is in a slowdown mode. Surprisingly, while imports over all were down in month of October, iron ore imports were actually up which shows that a lot of dumping is taking place. Indian people are importing the iron and the steel because that is what is happening globally.