Tag: buy the dips

Global equity markets, including India, have seen a sharp sell-off over the past few sessions as the Omicron Covid variant reignited concerns of sporadic lockdowns and limit movement of goods and people across key economies. Analysts, however, believe that the markets have overreacted to the development, and a market falls from here on, if any, should be used to add to positions from a medium-to-long-term perspective. The omicron variant was labeled a ‘variant of concern’ by the World Health Organization (WHO) last Friday that sent global equity markets into a tailspin. As a result, the BSE Sensex and Nifty tanked nearly 3 percent each in a broad-based sell-off. Read more

The 30-share Sensex index scripted history today(24th Sept.2021) as it breached the 60,000 marks for the first time. The BSE barometer hit an all-time high of 60,333 and took just 91 sessions to climb the latest 10,000-points rally. It had hit the 50,000-mark for the first time on May 18, 2021. While expensive valuations and a cautious global mood given the developments in China and the possibility of a third Covid wave may trigger mild profit booking in days ahead, most analysts remain optimistic and suggest a market correction, if any, should be bought into from a medium-to-long-term perspective. Read more