Retail investors should resist hysteria in FY23 and instead analyse each IPO on its own strengths, keeping in mind that overpriced ones will most likely be available at a lower price once the frenzy wears off, says Deepak Jasani, Head of Retail Research, HDFC Securities and a capital market veteran of over 16 years.
In an interview with ETMarkets, Jasani said: “Investing in foreign companies is also catching up among MNIs and HNIs as a diversification strategy even as more brokers are offering easy access to this segment,”. Edited excerpts:
We have seen a volatile April with both Sensex and Nifty50 slipping below crucial moving averages. What are your views on markets, amid uncertainty around the Russia-Ukraine conflict as well as the hawkish Fed and RBI?
We have entered the Q4 results season and for now the markets will witness stock specific (and some sector-wide moves based on stock results) moves rather than the market-wide moves unless we see sharp change - positive or negative - in the Russia Ukraine conflict or its repercussions (e.g. crude oil).
Sustained high inflation and tightening monetary policies by central banks across the globe is a worrying factor.
However, the Street hopes that the markets and corporates will absorb these negatives (if they do not worsen from here) and hence we are yet to see a negative impact of the confluence of negative factors on the markets.
Source Name:-Economic Times