Investors chary of next direction
Experts believe that there is some volatility and it may continue further for some days, but the market will give positive returns in the long run
image for illustrative purpose
New Delhi: Investors are concerned about the stock markets due to the unexpected outcome of the Lok Sabha results, which caused a steep fall in the Indian equity benchmarks on June 4. According to market experts, there may be volatility in the coming days, but the market will give positive returns in the long run. Both Sensex and Nifty rebounded on Wednesday. Investors should focus on large-cap and right-valued stocks. “As soon as the new government is formed, stability will return to the market,” they said.
Amar Ambani, Executive Director of YES Securities, said: “Indian equity valuations were already quite rich, and election result day presented the market with the perfect reason to correct itself. Simply, based on where we stand on market multiples even now, I wouldn’t rule out another 10 per cent correction. But the adjustment on account of election results is done.
