D-Street outlook: Pressure on Indian stocks might not match that on international markets.
Raamdeo Agrawal Predicts Resilience in Indian
Veteran investor and Motilal Oswal Financial Services Chairman Raamdeo Agrawal stated in an exclusive interview with stock 24 news that despite ongoing advances on the D-Street, Indian equities are not likely to witness a significant collapse mirroring a decline in international markets. Moreover, he contended that the Indian markets remained relatively stable, even in the face of worldwide market corrections.
His opinion is expressed at a moment when Indian stocks are experiencing a pullback following fourteen days of nonstop rises. The bluechip Nifty index decreased by 105 points, or 0.42 percent, to 25,174.2 at the most recent count, while it scaled its all-time peak on September 2 at 22,333.65.
The seasoned investor stated that long-term investors will be rewarded with healthy returns if shares are trading at a fair valuation. He added that the D-Street is thriving because new retail investors are constantly entering the market, which brings in a steady flow of capital.
worldwide markets; Raamdeo Agrawal Predicts Resilience in Indian
After the most recent data points raised concerns about the US recession once more, the world markets saw a significant correction today. Sharp increases were also witnessed by Nikkei following the largest one-day drop in Nvidia shares.
According to Agrawal, a recession akin to that of 2007 is unlikely to hit the markets.
Notably, FIIs have been bullish on Indian shares after initially supporting a rate decrease, contributing to capital inflows for two straight sessions in September.
What actions are available to investors?
Agrawal advised investors to use portfolio diversity as a risk mitigation strategy. Additionally, investors in mutual funds may benefit from SIPs in the long run by earning excellent returns. Additionally, investors must remain fearlessly in the market for a significant amount of time in order to reap good rewards. (Raamdeo Agrawal Predicts Resilience in Indian)
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