Market strategy: Time to be greedy or fearful? Here’s what analysts suggest – Business Standard

The new Covid variant found in South Africa derailed most global markets, including India, which saw the S&P BSE Sensex tank over 1,400 points in intraday deals.

Although we remain structurally positive on the Indian markets and economy, we don’t rule out near-term hiccups,” wrote Amnish Aggarwal of Prabhudas Lilladher in a recent note.

“Our research suggests that 57,200 may act as support for the Sensex.

G Chokkalingam, founder and chief investment officer at Equinomics Research, on the other hand, believes that the markets overreacted to the development on Friday.

That said, if someone has the risk-taking capacity, allocation can be made to defensive plays such as pharma and fast moving consumer goods stocks at lower levels,” he advised.

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world.

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