Market mood: Talking about the market, Prakash of prakashdiwan.in said that this correction was bound to come in the market. It was quite overdue. Now we are getting to see the same. The market had become very expensive. But in this correction, investment opportunities are visible for sensible investors. The next one and a half to two months will be a good opportunity for us to invest in good stocks.
Prakash further said that due to the rise in dollar index and bond yields, money is being withdrawn from emerging markets. This money is going towards America. The situation will become clearer with Trump’s coronation on January 20. Then FII withdrawals will continue. FII selling may increase further. Due to uncertainty in the market, purchases of domestic funds may also appear to have stopped. Despite all this, one thing is clear that the next few months will be a very good opportunity for those who want to invest with a long perspective.
TCS outlook: Cross currency impact on dollar income and CC income growth, further improvement in results possible: TCS Management
Talking about IT stocks, Prakash said that there may be a deeper correction in midcap IT in future. But now there is no possibility of any major decline in large cap IT from here. If there are no major restrictions regarding immigration and H-1B visas after Trump’s coronation on January 20, then a boom in large cap IT may start. It would be advisable to place bets in IT Large Cap after seeing the conditions after the results or after January 20. TCS management looks positive after the results. There is a good opportunity to invest in stocks in this fall.
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