Stock markets are down by close to 9% from their highs owing to reasons discussed many times in our communication. Indian Union Budget is just 3 more sessions away. The current downtrend may continue till then and reverse from there if market receives the budget in good spirit. Or the markets may go for another free fall on the day of budget and then revive after couple of sessions when they will be able to understand the fine lines in the budget. US is not going to raise its interest rates before March and this news have played its major part for the time being. Corona’s latest wave will also peak very soon and you may start moving freely in couple of weeks. International Strategic Situation - Another major worry is that of international relations where NATO and Russia seems to be at loggerheads over Ukrain. Many strategic experts have paralleled the current situation to that of Cuban missile crisis of 1962. Some Indian experts have also reminded that China may use the situation t...
Ajay Sharma, Founder of Investmentmitra is an Air Force Veteran and an Alumnus of IIM Calcutta. He is also President of All Mutual Fund Distributors Welfare Assocaition and a Member on Board of Management of The Sonepat Urban Cooperative Bank Ltd. The Blog Here we share our views on economy, markets, politics, events etc. and how they impact our investments. We also share occasionally interesting investment products that we believe are worth considering for investments by the reader.