Long-term outlook for Indian stock market remains robust amid geopolitical risks
Despite a sustained selling pressure from the foreign institutional investors (FIIs) amid geo-political tensions this week, the long-term outlook for the domestic market remains robust with a stability in growth and a pickup in capex, experts said on Saturday. Apart from heavy FII selling, muted Q2 earnings expectations and elevated valuations also acted as a headwind for the market this week. The market watchers said they expect the market to be range-bound in the short term with mixed bias, while investors should turn more sector- and stock-specific in such a time. Focus will be on large caps and growth areas like staples, agriculture, FMCG, consumption, power, digital, and infra. Buy-on dips will be the strategy on a short- to medium-term basis.