Tapering off

% chg

Losers

% chg CPRL88.27DRL-39.98 L&T71.04HCL Technologies-38.45 Bharti Airtel70.41Hindustan Construction-26.19 Rel Communication69.82Hindalco-22.23 UltraTech Cement68.02Cipla-21.94  However, not all sectors are to be blamed. High growth sectors like telecom, cement, construction, capital goods and to some extent banks, which are led by domestic factors, are going to continue their breakneck speed as they did in the past.  But sectors like auto, pharma, non-ferrous metals and partly oil and gas (except Reliance Industries) are likely to drag down overall growth due to factors like interest rates, appreciating rupee and global markets.  For investors it is more important to know whether this cooling off will turn into a slowdown or the economy will pick up again due to festive season and busy second half. This is because the meteoric rise in the Sensex till now has been caused by the huge foreign institutional investments, as India has emerged as a pocket of growth in a world that