There may be pressure on the market for a few more days, there is a good chance of buying in the fall:
News of rising cases of corona in European countries and lockdown on restaurants in Austria has had a bad effect on the market sentiment. There is a cycle of pressure in the market. And it lasts for some time.
Even after the recent decline, the Indian market has been the best performer this year as compared to other countries. Going forward we will see more foreign money coming into the Indian markets as its long term growth story still remains strong and currently we remain strong in the long term bull market.
But any correction under this time pressure gives an opportunity to choose quality stocks available in the market at good valuations. Due to all these reasons, there is temporary pressure on the market due to the selling of FIIs in the Indian markets. The fundamentals of the Indian economy are strong.
Company's performance will also be good in the coming quarter. However, valuations of some stocks look very expensive. Due to this, profit has also come in them. Moreover, at present, domestic institutional investors are also not buying enough to make up for the selling by foreign institutional investors. Due to which there is pressure in the market. But this is a temporary phase. The long term outlook for the Indian markets remains strong.
The year 2021 can be called the year of IPO. This has been the best year for IPO. Out of 51 IPOs listed since January, 38 are those that are trading above their offer prices.
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Team Sis
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