Riding on a strong property market and commodity prices , infrastructure and commodity players had a field day in FY08. What will be interesting to watch out for is whether the same players will be able to retain their positions in FY09. My take is : watch out for interest rate sensitive sectors like realty and auto which have already taken a hit as " demand " has simply vanished from the market . Also US being officially in "R " zone , companies exporting to US might take a hit in terms of orders . However the sheer time in which a cold veneer seems to have shrouded our " shining" India is amazing to say the least . Are we really decoupled? The answer is sadly " No." Long live "obama" .
