Mr. Sunil Nyati, Managing Director of Swastika Investmart Limited shared his views on market prospects in Financial Express.He is of the opinion that there has already been a lot of correction in the stock market. Global factors are more responsible for the big fall in the market. At present, a strong base is visible for Nifty at the 15000 level. The market should stop at this level. No further decline is visible from here. It is expected that from this level once again buying will return in the market. Factors like crude and geopolitical tension are discounting the market.
He further shared that FIIs have sold most of the time this year. But the confidence of domestic investors in the Indian market remains. DIIs are constantly pouring money into the market. Retail investors have better participation. If you see, the performance of the Indian market is better than other markets. Retail investors are positive about this.
There is a good environment for manufacturing in India. The government is reforming. New schemes are coming for MSMEs. There are also good reports on the economic growth outlook front.
