From Big Bull's Book
Ankit Aggarwal
Product, Consulting & Strategy Leader | Financial Advisory, Private Equity & Investment Banking | Expertise in Business Analytics, Financial Modeling, Risk Management & Data-Driven Decision Making
"I will not bat on the back foot, rather will play on the front foot aiming the ongoing market correction."
Big Bull of Dalal street Rakesh Jhunjhunwala, stayed with a bullish view on the Indian economy. He said there are gloom and doom for companies having an incorrect business model. But, he says he will not bat on the back foot, rather will play on the front foot aiming the ongoing market correction.
Mr Jhunjhunwala's expectations with the market are backed by some upcoming Fiscal and monetary policy corrections. The market is expecting that the RBI will go for a large rate cut on Friday. and US stock market is the best performing market in current world stock market family so far this year, resulting in the global funds moving into US stocks, as top investors typically tend to chase better-performing markets. when the US market begins correcting more, will help emerging markets including India to attract investors.
Investing in Midcap stocks at current levels will profit handsomely. The yellow metal can rally to $85-100 per gram. In the international market, gold hovered near $49 per gram on Thursday.