Experts views: Nowadays the morale of the stock market is shaken. The quarterly results of the companies are coming out. Foreign investment left for more than a month in three months. There was a historic trade deal with the UK. Still there was no significant difference on the market. After all, what is going on? How long will this atmosphere be? Let’s know what market knowledge says.
Piper Serica Founder & Fund Manager Abhay Aggarwal Said that there was weakness in the market till March, after which we saw recovery. After the recovery of the market, whoever made the profit is now its profit book. The quarterly results of companies that have come so far do not have much outparforms. There is no neutral trigger for the market for boom. Rural economy will pickup with a good monsoon, but its impacts will see us in the next quant. But the results coming in Q1 have been disappointing.
The mood atmosphere of the market has become such that people are only paying attention to negative news. Correction in the market should be seen in terms of technical correction. Invest in companies that have introduced good results. He said that I believe that those trends should be caught by ignoring the daily and weekly Momentum in the market.
Rockstad Capital Abhishek Aggarwal Says that the market has been dealing with an abundance for a long time. The market was dealing with several factors like Geopolitical Tension, Tariff War. In this, it is that whenever any money is to be spent in any market and there will be uncertainty there, people like to move the growth towards safety by sideline. In such a situation, when people start going towards safety, the US Treasury, Most Natural Place becomes and the dollar gets strengthened there as the entire global currency moves in dollars. For now, people in the market are fully sideways.
I don’t think the results are coming so bad. He said that due to the lack of new inflow at the domestic level, the global trend, the geopolitical risk or the geopolitical policy framework, the market has been locked from one side due to the mixture of all these things. The Nifty has been locked within around 25,000 and no positive news is coming. The market is only running away. Since January, Nifty has given a return of 10% to 12%, which is quite good.
If you look at the global framework, the Indian market has done well in the kind of cinema that has been made in the market for the last 6 months. But we will talk about making money or if you talk about speed from here, then there is a consolidation face in the market and I do not think that we will get any uptard. According to Abhishek Aggarwal, the market will be seen moving in a limited range.
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