Inflation in America has reached the highest level of 40 years and Corona is once again raising its head in China. Due to this, the lockdown has started again in the country. This has caused panic among investors. Ajay Srivastava, CEO, Dimensions Corporate Financial Services, said the sell-off was necessary as the Indian market was over-expected despite the global downtrend. This is the first time we are seeing this kind of sell-off. This is a good thing for the market.
what should be done
VK Vijayakumar, Geojit Financial Services said that the market trend is looking weak in the near term. This type of scenario is negative for riskier assets like equities. The stability in the Indian market can be seen only after the US market stabilizes. So investors should wait for the clouds to clear. Ashutosh Mishra, Head of Research, Institutional Equity, said that due to the fall in the market, investors have a good chance to change their portfolio. There are many such companies whose business seems to be right even in these difficult times. This is the right opportunity to invest in the top companies of these sectors.
Santosh Meena, Head of Research, Swastika Investment said that many stocks had gone way above their original value. So this fall is justified for their correct valuation. He says that there may be volatility in the market in the near term, so one should buy now. Experts say that stocks like ONGC, Bharat Electronics, Jubilant Foodworks and Torrent Power can be bet on.