Market Market volatility to persist ahead of Fed policy meet; investors urged to pick value stocks Updated : July 29, 2019 12:21 PM IST Indian equity benchmark indices have remained under pressure since Union Budget. According to Arun Thukral of Axis Securities, the market correction is in response to a combination of the surcharge on the FPIs, tepid company results and rising slowdown concerns. A global recession is unlikely in the next one year, says Karvy Stock Broking CEO Rajiv Singh. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.