gfiles magazine

December 17, 2016

Opportunity to buy

The Prime Minister who believes in inclusive growth with “sabka saath sabka vikas” not only gave those hoarding black money more than one chance to declare it but has also given investors, who missed the bus, yet another opportunity to enter the market at attractive valuations post the correction witnessed due to demonetisation. Since most analysts are of the opinion that demonetisation will be very positive for the economy in the long run, those entering the market with a time horizon of 3-5 years can expect decent returns from equities. However, there is a general consensus that economic activity will take a hit for at least 3-6 months slowing GDP growth considerably thereby increasing volatility in the market with a downward bias.

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