Weakness in market may continue but top 10 stocks can give up to 50% return
According to experts, the volatility is here to stay for some more time and another 4-5 per cent correction can't be ruled out.
Bears continued to be in a dominant position at Dalal Street for last two months, though bulls tried intermittently to get charged. Negative sentiment on account of many reasons - global trade war, banking fraud, LTCG risk, political uncertainty etc - pulled down the Nifty around 1,200 points from record high touched just before the Budget.
Not only India but also global markets corrected during the same period but the correction in India is more than global counterparts. The major reasons apart from listed above are rising capital cost, likely NPA problems in PSU banks etc but investors should not worry as experts feel whenever economic growth happens, interest rates always go up.
According to them, the volatility is here to stay for some more time and another 4-5 percent correction can't be ruled out. But that should be offering a big buying opportunity for investors who missed the bus earlier.
"Indian equity markets reacted negatively today, in-line with global markets. With US imposing fresh tariff targeted China, there is an increasing fear of a trade war which could impact economic growth," Siddhartha Khemka,VP - Head of Research (Retail), MOFSL said.