After the bloodbath on Dalal Street, renowned investor Vijay Kedia shares the art of how to overcome this market volatility. In an exclusive conversation with Livemint, the market magnate explained that “long term crisis is a big opportunity for long term investors” as it allows positional investors to buy quality stocks at highly discounted levels.
on your pick of yesterday Share Market On Friday’s sell-off, Vijay Kedia said, “Long term crisis is a great opportunity for long term investors as it helps positional investors to buy quality stocks at highly discounted levels. Long term investors should stay with their faith and No need to worry about short term sentiments like inflation, FII selling, geopolitical tensions etc. He advised investors to go with the wind as everything is temporary on Dalal Street.
In one of his tweets this month, the ace investor has indicated how the Indian market came out of the recent FII sell-off and the Russo-Ukraine war, Vijay Keda says, “Everything is temporary; emotions, thoughts, people, Life, FII selling, inflation, war and bear market. Don’t get obsessed with it. Just go with it.”
Check out Vijay Kedia’s tweet below:
Ace Investor said that Dalal Street was in panic when FIIs started wholesale sales in late 2021 and they continued to do so till the end of FY22. But, now FIIs have started buying shares in the Indian markets. Similarly, after the outbreak of the Russo-Ukraine war this year, heavy selling started on Dalal Street, but the market bounced back strongly.
Similarly, after US inflation data, the market is discussing a 100 bps increase in interest rate by the US Federal Reserve at the upcoming FOMC meeting on September 21, 2022. Due to this buzz, the dollar index has risen to around 110 levels, which has put assets like equities and gold under pressure. And if we follow the suggestions of Vijay Kedia, long term investors have a huge opportunity to take advantage of this crisis as this concern is also a temporary crisis.
On Friday, the Sensex broke close to 1,100, while the Nifty broke close to 350 points. In the same session, 29 stocks out of 30 stocks listed on the Sensex ended in the red zone, valued at 6.18 lakh crore investors. Only IndusInd Bank shares ended higher in Friday’s session and touched close to 2.5 per cent. In fact, IndusInd Bank share price hit a new 52-week high in the early hours
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