New Delhi: After the Dalal Street witnessed Sensex and Nifty’s biggest single day fall in last four years, stock market experts have advocated buying the dip with long term perspective for handsome gains. Mantri Finmart, investment adviser, Arun Mantri said, “Any dip in Nifty towards 21,000 levels is excellent opportunity for long term investors. We expect market to consolidate. We expect market to slowly move higher again once the government is formed.”
Current level is lifetime opportunity to buy stocks: CNI Research
Echoing Mantri, Kishor Ostwal, CMD, CNI Research, also said, “Tuesday’s bloodbath on Dalal Street has placed markets at pre-Covid levels. Markets at current levels is lifetime opportunity to buy. India growth story will never falter.”
Expect more correction in the market: Mantri
Although, in the near term, Mantri expects volatility to continue in the stocks until new government is formed. On the other hand, he also expects India’s domestic equities to remain volatile until a clear picture comes out as to who would form government at the centre. Although, from long term perspective, he still remains positive on the equity market.
Expect investment in large caps after Lok Sabha Elections: Research analyst, Saurabh Jain
Another stock market research analyst, Saurabh Jain has said that looking at Lok Sabha 2024 Election Results, if Prime Minister Narendra Modi returns to power, his government will not find it that easy to formulate policies as it was for them before. Mantri also thinks the same, as he said, “BJP not reaching the halfway mark will hurt Government policies in the coming years.”
Stock market research analyst Saurabh Jain further added, “As now BJP will form government in India in coalition with many small parties. So, it won’t be as easy for the Modi-led NDA to formulate policies at the Centre as it was before. I expect policy formulation under Modi government to slow down. This will tilt investment from mid and small caps towards large caps.”
According to Jain, domestic equities may see investments coming in large cap stocks rather than mid and small cap stocks in the near term looking at the outcomes of the Lok Sabha Election 2024.
Large cap benchmark index Nifty has given one year return of 17 per cent. While, mid cap index, BSE SmallCap is up 44 per cent and BSE MidCap is up 49 per cent during the same time period.
Stock Market experts Kishor Ostwal and Arun Mantri said that the dip in indices is a good opportunity for long term investors. Another market expert Saurabh Jain said the Modi government would not find easy to go ahead with reforms. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
