Covid-19 impact on share market: Do not worry; consider minor corrections as buying opportunity, says Anil Singhvi
Covid-19 impact on share market: Coronavirus cases have breached 1-lakh mark on Monday. It has created a sense of worry. However, Zee Business Managing Editor Anil Singhvi says that this has to be seen from a different angle.
Covid-19 impact on share market: Coronavirus cases have breached 1-lakh mark on Monday. It has created a sense of worry. However, Zee Business Managing Editor Anil Singhvi says that this has to be seen from a different angle. The Market Guru said that there is not much to be fearful as far as repercussions of rising Covid-19 cases on stock market is concerned. "Spike in Covid-19 cases is dangerous from our health point of view, but not the market," he said.
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Zee Business Managing Editor said last year, around the same time, we had a similar situation, but we have come a long way since then. "If we look at present situation, I would say if the market falls only due to corona, it should be seen as a correction and a buying opportunity. Last year, despite uncertainty, market recovered and now we know that we have a vaccine. The spike is due to negligence of people and it will be contained. As far as market and economy are concerned, one should not worry much about it," said Anil Singhvi.
Watch Anil Singhvi clearing your all apprehensions on impact of rising Covid 19 cases on share market
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He said investors do not need to tinker with their portfolios, while trading position will change for traders. "This night curfew or lockdown-like situation is only in Maharashtra, however, almost all countries across the world were put under lockdown last year during the same time. One should not worry much from investment point of view. Instead of wealth, they should rather worry about their health. A minor correction should be seen as an opportunity to build your portfolio," concluded the Market Guru.
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