Ramesh Damani said that Indian investors will soon become the growth engine of the stock market. FIIs to return, India’s economy to rebound
FIIs will once again come back to take advantage of India’s outperformance.
Ramesh Damani gave the mantra to earn big money from stocks – only if you remain in the market, will you make money.
FIIs to return, India’s economy to rebound
Said that ups and downs are part of the process of investing in the market, there is no need to be afraid of them.
Raj Express. Ramesh Damani, the country’s veteran investor and member of Bombay Stock Exchange (BSE), believes that it is difficult to predict when the next jump of 1,000-2,000 points will happen in the index. However, it is true that with the kind of business activities that are being seen, the possibility of the stock market going up is very high. Damani said that my 30 years of experience in the stock market tells me that one should always invest in good stocks. After this, remain in the stock market without worrying about the ups and downs of the market.
FIIs to return, India’s economy to rebound
Don’t worry about fluctuations in value
Ramesh Damani said that fluctuations are a part of stock market activities. As an investor we don’t need to worry about that. He said, my mantra is one. Buy good stocks and hold on to them for a long time. Maintain investment during ups and downs, as it is part of the stock market operating process and there is no escape from it. You will have to find possibilities for yourself in the meantime. If you hold on to a good stock for a long time, it is certain that the stock market will react in your favor at some point.
Our economy is growing at a fast pace
He said that due to geopolitical tensions and the upcoming Lok Sabha elections in India, there may be instability in the market for some time, although it will not have any impact on the market in the long term. Damani said that despite high interest rates, India is performing well compared to other developing countries. Our economy is also growing at a much faster pace than other emerging markets. Commenting on foreign investors withdrawing money from the stock market in the last few days, he said that soon this trend will reverse and foreign investors will once again come back here to take advantage of India’s better performance.
