Analysts of brokerage firm Axis Securities said that investors have an opportunity to buy good quality stocks in the market at a reasonable price at this time.
Indian stock markets are witnessing huge volatility right now. Investors are engaged in assessing the Russia-Ukraine crisis and its negative impact on the global economy. This rising geopolitical tension has pushed the equity market into the red. The benchmark index Nifty-50 has lost 4.72 per cent so far this year.
In the medium term, geopolitical events and economic factors such as inflation, US Fed's decision on interest rates and the outcome of assembly elections in a large state like UP can cause volatility and impact market performance. However, analysts at brokerage firm Axis Securities believe the equity market outlook is positive for the long term. The brokerage has maintained the target of reaching 20,200 for Nifty-50 by the end of this year.
According to Axis Securities analysts, this time the biggest concern is about crude oil prices. Long-term continuing of geopolitan uncertainty can go up to oil prices and above. This can cause inflation and worse. Oil prices have crossed $ 100 a barrel last week. Meanwhile, if there are strict restrictions on Russia by the US and other Western countries, it will be difficult to export oil to Russia for global markets, which will increase further crude oil prices.
.jpg)
Don't Use Spam Words and Any Spam Link.