Investors should not let panic impact decision making
What is your outlook for Indian equities?
The equity market has been range-bound for the last 15-18 months and is down about 5.4% from the high it touched on February 21 this year. The rupee has weakened considerably in the last six months as well. FIIs are not buying at this point in time but the Indian market today is effectively 25-30% cheaper compared with what it was six months back. Somehow, there has been a lot of negativity about how things have been moving in the economy. But any country that has gone through a secular bull run is bound to go through such phases. So I don’t think there is need to get too worried.
What are the key positives for the market?
The biggest positive is that everybody is negative. As far as we are concerned this is a good time to invest as there won’t be much downside from here. There may be headwinds in the near term but our long-term story is very much intact. We need to be positive. There’s nothing wrong with growing at 6.5% or 7%. We are
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