Nifty 50, Sensex up with decent gains, but is it time to buy stocks? Experts have to say this
Israel-Hamas war LIVE updates: Heavy Israeli airstrikes pound Southern Gaza Apart from the ongoing Israel-Hamas war, inflation, interest rates trajectory and quarterly earnings remain important triggers for the market. (Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) While the persisting risks of global economic slowdown, higher interest rates and sticky inflation keep the markets worried, fresh geopolitical concerns have added to the worries.
Santosh Pandey, President and Head of Nuvama Professional Clients Group believes that the Indian markets are at a crossroads. Internally India is doing very well as inflation is under control, interest rate is stable and corporate earnings are in line with estimates so far. However, global cues are troubling.
Pandey pointed out that the US Inflation, increasing bond yields, high debt issues and China’s internal growth rate not improving are a cause of concerns. These things are making markets a little uneasy. Also Read: Stocks to buy: Biocon, Dr Reddy’s, Sun Pharma, among Phillip Capital’s pharma stock picks for up to 22% upside However, most experts remain bullish on the Indian market for the long term and they believe one should buy in this market in case of a correction.
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