In exclusive chat with Anil Singhvi, Raamdeo Agrawal talks about market triggers, Warren Buffett, coronavirus impact and more
Amid news of Coronavirus vaccine test entering the second stage, Zee Business Managing Editor Anil Singhvi spoke to Motilal Oswal Chairman Raamdeo Agrawal about the market triggers.
Amid news of Coronavirus vaccine test entering the second stage, Zee Business Managing Editor Anil Singhvi spoke to Motilal Oswal Chairman Raamdeo Agrawal about the triggers that an investor must keep in mind while making any share market investment decisions they take. Raamdeo Agrawal said that all problems in the market are related to the Coronavirus spread and hence any news about the success in Coronavirus vaccine test is a welcome news for markets and it will certainly have a positive impact on the global markets. On insurance underwriters still not making any equity investments, Raamdeo Agrawal was of the opinion that investment underwriters have their own way of investing and stock market investment is completely different from it. He advised investors to keep an eye on the growth package that government may announce in the coming times as there is no problem of liquidity.
Speaking on the Coronavirus vaccine test entering the crucial second stage, Raamdeo Agrawal said, "Success in Coronavirus vaccine test will have a positive impact on the global stock markets as today's problems are caused by the COVID-19 pandemic. So, any solution coming out will be a welcome trigger for the global markets including Indian indices."
— Zee Business (@ZeeBusiness) May 20, 2020
On Warren Buffett still not willing to make any investments, Raamdeo Agrawal said, "Warren Buffett is an insurance underwriter and like any other insurance underwriter, his style of investment will be different from the direct stock investor. So, my advice is to look at the triggers of the market rather looking at the portfolio of Warren Buffett or any other big name."
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On stimulus package and its impact on the market, Agrawal said, "There is no problem of liquidity in the markets. Various countries have announced enough of liquidity for the banks and some of them are printing currency as well. So, liquidity problem doesn't exist in current market scenario. Till date, majority of the countries have announced stimulus package as well. Once the Coronavirus impact subsides, there will be growth package coming out that has to be kept in mind by the share market investors."
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