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Gaurav Bora, Market Expert
Geopolitical tensions has been increased between US and Iran after US killed Iran’s top military commander in an air strike in Iraq ratcheted tensions between Washington and Tehran and created uncertainties in global markets. Indian markets reacted to this event and shown deep downside in past trading session. But these tensions will impact Indian markets for shorter period only as earning season will start in full fletch from next week and Indian market will focus on union budget from next week . So focus of Indian markets will get shifted to key domestic events from next week onwards.
Indian markets are showing downside major reason behind that is rising crude oil prices which is temporary shock since currently oil dependence from middle east has been drastically fallen after US sanctions on Iran, now major exports are from US and Saudi and globally crude demand are low so crude prices will cool off very soon. This is just an opportunity to buy quality stocks at much attractive prices; investor can buy least affected stocks in this uncertainty. The following stocks are good quality and time tested stocks which can be buy in all dips and irrespective of any market condition.
- Reliance
- ICICI Bank
- HDFC Bank
- Axis Bank
- Titan
- Jubliant Foodworks
- Pidilite
- Bajaj Finance
- Muthoot Finance
- Maruti
FOR INVESTORS THIS IS BUYING OPPORTUNITY ACCOUMLATE QUALITY STOCKS ON EVERY DIP, AS THIS VOLATILITY IS BECAUSE OF MAJOR EVENT BUT FUNDAMENTALS ARE VERY MUCH INTACT. VOLATILITY IS FRIEND OF INVESTOR.