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While the persisting risks of global economic slowdown, higher interest rates and sticky inflation keep the markets worried, fresh geopolitical concerns have added to the worries. However, experts remain bullish on Indian market for long term.
A survey conducted by Axis Mutual Fund reveals that 78% of mutual fund investors do not understand market risks, despite the disclaimer stating the same. The survey also found that the majority of investors are not aware of the risk assessment tools available to them. However, close to 90% of investors recognized the importance of personal risk appetite in investment decisions. The survey highlights the need for investors to have a better understanding of risk and utilize the available tools for informed decision-making.
"Given that Indian bonds are largely domestic owned, one shouldnt expect any major sell-off in response to the US rise in yields nor should one expect a dramatic depreciation in the rupee. From an investors standpoint, the current levels on 10-year bond yields remain attractive and we believe that they may continue to trade in a range of 7-7.30 bps. The yields can trend higher only if we see RBI hiking rates beyond 6.5%"
Mazagon Dock is among the stocks that analysts are not comfortable with from a valuation standpoint, after the stellar rally. It has an average target price of Rs 806, according to Trendlyne, which implies a downside of over 64% from the current levels.
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