Investor Safir Anand says these sectors are poised to deliver significant returns in the next 12 months
In a free-wheeling chat, the strategist and investor talks to BT on a range of topics from geopolitical tensions, to inflation, to the segments in the market that are expected to do well
- Oct 27, 2023,
- Updated Oct 27, 2023 12:19 PM IST
In the past six trading sessions, a combination of factors, including increased bond yields in the US, escalating tensions in West Asia and a surge in crude oil prices have significantly hit investor sentiment. The BSE Sensex witnessed a steep decline, plummeting by more than 3,000 points, or roughly 5 per cent, from 66,428.09 on October 17 to 63,148 on October 26. Similarly, the NSE Nifty index saw a significant drop of 954 points, equivalent to 4.8 per cent, reaching 18,857 during the same period.
In this context, it is essential to assess the trajectory of the market, identify sectors with the potential to generate strong returns, and be mindful of the associated risks in the equity market. Business Today recently caught up with strategist and investor Safir Anand to gain insights into how investors can navigate and capitalise on the current conditions. Edited excerpts:
Safir: Investors should not have a closed mind. The current yield on deposits is good and so is gold and even real estate. Personally, I stick to equity and diversify to (hopefully) mitigate risk and uncertainty. I do periodic inflows into equity by keeping a reckoner on companies doing well or market action disproportionate to the news. It is a human tendency to overdo things in the short term. Finally, I wish you all a disciplined way to think of investing as a ritual rather than all or nothing.
(Note: Safir Anand is a well-known individual investor on Dalal Street. He is not a Sebi-registered analyst. All sectors/stocks mentioned in the interview are for information purpose only.)
Also read: RIL, TCS, HDFC Bank: 3 most-valued stocks delivered negative returns in 2 years. What's next?
Also read: HDFC Bank shares hover near 52-week low; is it correct time to accumulate?
In the past six trading sessions, a combination of factors, including increased bond yields in the US, escalating tensions in West Asia and a surge in crude oil prices have significantly hit investor sentiment. The BSE Sensex witnessed a steep decline, plummeting by more than 3,000 points, or roughly 5 per cent, from 66,428.09 on October 17 to 63,148 on October 26. Similarly, the NSE Nifty index saw a significant drop of 954 points, equivalent to 4.8 per cent, reaching 18,857 during the same period.
In this context, it is essential to assess the trajectory of the market, identify sectors with the potential to generate strong returns, and be mindful of the associated risks in the equity market. Business Today recently caught up with strategist and investor Safir Anand to gain insights into how investors can navigate and capitalise on the current conditions. Edited excerpts:
Safir: Investors should not have a closed mind. The current yield on deposits is good and so is gold and even real estate. Personally, I stick to equity and diversify to (hopefully) mitigate risk and uncertainty. I do periodic inflows into equity by keeping a reckoner on companies doing well or market action disproportionate to the news. It is a human tendency to overdo things in the short term. Finally, I wish you all a disciplined way to think of investing as a ritual rather than all or nothing.
(Note: Safir Anand is a well-known individual investor on Dalal Street. He is not a Sebi-registered analyst. All sectors/stocks mentioned in the interview are for information purpose only.)
Also read: RIL, TCS, HDFC Bank: 3 most-valued stocks delivered negative returns in 2 years. What's next?
Also read: HDFC Bank shares hover near 52-week low; is it correct time to accumulate?