Dalal Street swings this past week kept investors on tenterhooks.
Intraday bounces were sold off and there was a dearth of positive news that could soothe investors’ nerves.
Data released from the US to India suggested high inflation is here to stay and so is the tightening of money policies globally. This has made investors wonder whether it is still a ‘buy on dips’ market as relentless selling pressure has started taking a toll on confidence.
Amit Mudgill of ETMarkets.com caught up with Naveen Kulkarni, CIO at Axis Securities, to discuss his strategy on how investors can sail through the ongoing market volatility. Kulkarni talks about how this Fed cycle differs from the previous ones, how long the market will take to stabilise and the sectors that he finds attractive.
Welcome to the show, sir.
Q. On a broader basis, given the prevailing market valuations, how much more downside do you see on key indices, before we see a recovery phase?
Q. Is it time to buy the dips or should one wait on the sidelines for better opportunities to arise?
Q. What should existing investors do? Should they ‘sell on rise’?
Q. While there may be concerns over Fed rate hikes, US stocks have performed well historically one year down the line since first rate hikes. What is your take? What’s in it for India?
Q. Which are the sectors that you think may perform well over the next one year? Do you find defensives attractively valued?
Q. What would be your advice to investors and F&O traders?
Thank you Mr Kulkarni for your time and insights. That’s all in this special podcast. Do keep checking this space for more such interesting content and take time out to follow our market podcasts twice every day. Stay safe and Happy Weekend!