October has been a tough time for the stock market, and recent share price declines across sectors and industries have made many stocks with once unaffordable valuations, easier to get. This stock screener looks at Nifty500 companies whose valuations have improved with stock market falls (this is a subscriber screener, but snapshot is above). One note: Investors should remain cautious about global factors including rising interest rates in the US, and oil prices.

Both of these may impact Indian stock markets in the coming week, and the response from the government and the RBI on currency stabilization and the trade deficit will also be critical. Take any very confident analyst saying that "the stock market will recover by X date" with a pinch of salt.