Panic selling may have hit markets globally on the back of S&P's downgrade of US sovereign credit rating but global brokerages still believe in the Indian market and are advising clients to selectively buy Indian equities. CNBC-TV18's Tanvi Shukla and Gopika Gopakumar report.
After Friday's bloodbath, global equity markets continued to sell-off. Indian market saw a sharp gap down opening lead by deep cuts in technology, real estate and metal stocks. The Nifty finally closed 92.75 points lower at 5,118. So, is today's global sell off a good entry point for long term investors? Most brokerages seem to believe so.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
