IGI Logo

Below is Perspective on Today's Market Downfall By Mr. Raj Vyas, Portfolio Manager, Teji Mandi.

“We have seen good recovery in the market in the last 2-3 days by around 500 points and today the market l  ost all the gai  ns which happened due to weakness in the global market over concerns related to economic growth against expectation of a more aggressive monetary policy tightening.

Though the markets enjoyed a rally after the first rate hike by the Fed in March, a rough April quickly erased those gains, and the selling continued in May. Hence, stability is what the market is hoping for.

However, we believe that India stands out in the crowd as everything cannot be weighted as what is happening in the global markets particularly the US and the sanctions imposed on Russia. Important to note is that Inflation in the US and UK is at 40-Year high while for India it is at 8-Year which is much better than the developed countries. In the Asian context, India stands out along with China which is slowly reopening. So in this whole juggernaut of markets being up and down and volatility, we still think that Indian equities are offering the best returns and the opportunity to enter fresh as this great opportunity and you will have to buy the fear if you want to make money.

Lastly, keep the faith and don’t bet against India. Volatility is part and parcel of the markets. Just stay through it, and you will get your desired results once some of these global uncertainties are behind us.”

Above views are of the author and not of the website kindly read disclaimer