Sanjiv Bhasin, Director,IIFL Securities, says “maybe the near-term markets are looking stretched, but look for the slightly long term, if we do get a continuation of the present government, then there is no hold barred for the next five years. Plus, crude is at a three-four month low. Bond yields are hitting lows. All set for 2024 to welcome equities in a new space and now there is a left out feeling, which is maximum for the foreign FIIs.”
Bhasin further says: “In banks, I would recommend Kotak among largecaps and Bandhan Bank among smallcaps. However, for a retail investor, doing a SIP or buying the Bank Nifty BeES would be an ideal way of participating in a basket of stocks.”
Clearly the stage is set for 21K insight. In a market like this, what is the advice for those who have been sitting on the sidelines, waiting for the right entry point?
Well, there is no advice. There is just this fact that equity has no timing. It is how much time you spend in the market. Choose your SIPs, choose your mutual fund and try and get in or seek some brokerage firm which can advice you better and the owning of an asset class called equity is the underlying theme which has been why you have seen the amount of SIPs which have been the rock behind the wall and which have counteracted all the FII selling.
I am of the opinion that maybe the near-term markets are looking stretched, but look for the slightly long term, if we do get a continuation of the present government, then there is no
Read more on economictimes.indiatimes.com