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Thursday, December 2, 2021

Stock market may continue to fall, keep an eye on midcap and defensive stocks: Credit Suisse Wealth

Stock Market Outlook: According to Credit Suisse Wealth, at present, investors should invest in midcap and defensive stocks.

Stock Market Outlook: The stock market continues to be under pressure due to the rapid expansion of the Korana virus. Investors are doing business cautiously and are seeing continuous profit recovery. Experts are assuming that the current pressure on the market is going to continue even further. In this regard, Credit Suisse (CS) Wealth Management says that the correction going on in the market due to the COVID-19 transition can be an extension. The equity market may see some more profit bookings in the coming weeks. However, it has also been said in the report that it is expected that this correction will not be very fast and long. Let me tell you that in February, there has been a 9 percent fall in the Sensex from the alltime high. The SENSEX came to a low of 3 months on Tuesday.

Declaration should be a purchase opportunity

Credit Suisse (CS) wealth management strategists Jitendra Gohil and Premal Kamdar said in a note that the correction in the stock market may continue even further, but investors should not shy away from the domestic market. Instead, the decline in the market should be used as a buying opportunity. According to the report, investors are advised to invest keeping in mind the period of 6 to 9 months.

In the report, he said that while our Global Investment Committee (IC) recognizes that there will be challenges in the near term in terms of equity, there is a positive outlook on equities in terms of mid-term. In fact, the prospects for the growth of the economy are better, while the monetary policy is also favorable to the market.

These are challenges

According to Credit Suisse’s report, the biggest challenge at present is the growing cases of corona virus. Let me tell you that for the last 2 days, on an average, more than 3 lakh cases have come every day. This is a record number of days in comparison to any country around the world. Apart from this, booming bond yields are also a challenge, which has eluded investors from equity. The strengthening of the dollar against the rupee is also a challenge.

Keep an eye on midcap and defensive stocks

According to Credit Suisse’s report, the decline of the market should be taken as a buying opportunity. The current time is to monitor the midcap and defensive stocks. If the growth returns once again from the second half of the financial year 2021, then the investment in these stocks will benefit.

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