Today, we expect a gap-down opening in the wake of global carnage and anxiety surrounding the fate of the US economy and its wider global fallout. Things on the macro front are not too encouraging either. Interest rates are at a six-year peak. Inflation is hovering above the 12% mark. The rupee is losing ground steadily, and hit a five-year low on Monday. The Indian government and the RBI too could announce some more measures if the markets here do not recover.
Amidst all the gloom, some flowers may bloom. A bounce back is not ruled out later in the day. You will hear rumors and whispers of margin calls being triggered if stocks come crashing substantially. Close your ears for now and open your eyes to opportunities for the medium to long term.
Amidst all the gloom, some flowers may bloom. A bounce back is not ruled out later in the day. You will hear rumors and whispers of margin calls being triggered if stocks come crashing substantially. Close your ears for now and open your eyes to opportunities for the medium to long term.
For those happy hunting for mid-cap bargains, avoid the temptation and stick to the large caps. Don’t go overboard as the near term outlook remains hazy. Add some stocks at lower levels today for quick gains during a bounce back. If you don’t have the money and the appetite, just say good bye!
