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After kicking off the session with a sharp gap-down , domestic markets recovered some losses amid buying in FMCG and IT stocks. Metals and financials were among the worst drags in opening session. Broader markets, too, slipped in early trade, underperforming benchmarks. Nilesh Jain of Centrum Broking spoke to Money9 on whether this indicates a deeper correction is on the way.
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The economy is recovering but GDP is expected to be only slightly larger than it was in pre-pandemic 2019-20.
The NIP will help augment India’s productive capacity, contribute to our overall growth and bring down the logistics costs, improving competitiveness
Diversification is key and should be followed for stable and steady returns in the long run.
There is a need to continuously facilitate trade and industry and provide thrust to the growth promising sectors of Indian economy.
