There could be some more pain for India’s equities markets, as global sentiment across stock and commodity markets continues to be weak, fuelled by fears of a slowing global economy and weak oil prices. But some suggest that investors need not completely shun the equity markets at this stage, advocating an entry through systematic investment plans and balanced funds.
On Friday, Indian shares rebound 1.98 percent to 24435.66 points, but this was largely seen as a temporary pull back. Steel, automobile and engineering stocks which had been battered earlier were gainers.
Abhimanyu Sofat, co-founder, investment advisory startup Advise Sure, says that in the past six months, valuations have been stretched and weak hands had entered the markets. “We are advising clients that this would be a time for investors to enter equities through the SIP route,” Sofat says.Read the Original Article