Indian markets had shown some signs of recovery in the last week, however, remain volatile due to ongoing global and domestic uncertainties, making it crucial for investors to exercise patience. In an interaction with ETNow, advised against rushing into investments and suggested that investors should wait for stronger market signals before deploying capital. Instead of buying broadly, he recommended a selective approach, focusing on sectoral opportunities that could offer better returns. He believes ‘this is no time to sell your house and buy stocks, which is what a fire sale would be’, instead urging investors to remain selective and wait for clearer recovery signals before making aggressive investments. Here are excerpts from his chat with ETNow:
Dalal Street Week Ahead: Sideways consolidation likely to persist amid global trade uncertainty
The Nifty experienced a week of range-bound trading, closing slightly lower with a 0.53% loss. Facing resistance near the upper edge of a rising channel,