Analysts on Twitter applauded the air strike carried by the Indian Air Force across Line of Control (LoC) in early hours on February 26 and at the same time advise investors to remain cautious and buy quality stocks for long term.
Sandip Sabharwal, Independent Advisor at asksandipsabharwal.com on Twitter said that Indian Airforce carried out the most effective strike in the last 48 years. This is the day which defines that India is not a weak nation, but one that will not take things lying down.
Should we sell in the stock markets? No, all of us have to buy a little, he writes in his tweet.
On a day which defines that India is not a weak nation that #Congress built but one that will not take things lying down should we sell in the stock markets?
No, all of us have to buy a little.— sandip sabharwal (@sandipsabharwal) February 26, 2019
Ajay Srivastava, CEO, Dimensions Corporate Financial Services in an interview with CNBC-TV18 said that the market has been on tenterhooks after the Pulwama attack on February 14. That is why we have seen domestic investors on sidelines as they have been selling on rallies.
“We don’t know in which way the geopolitical situation turns. Either investors should stay on sidelines or we take off positions in stocks that are likely to see a direct bearing if the situation escalates such as Reliance Industries as well as import companies because rupee might get impacted,” said Srivastava.
Porinju Veliyath, Founder & CEO, Equity Intelligence applauded the actions of Indian Air Force. “India destroys major terror camp in #Balakot 60km deep inside the terrorist country - lovin it! (sic),” he tweeted.
India destroys major terror camp in #Balakot 60km deep inside the terrorist country - lovin it! https://t.co/yMHgMw8OKj— Porinju Veliyath (@porinju) February 26, 2019
Amar Ambani, President, Head of Research, YES Securities writes in a tweet that it is a proud moment for India and for every Indian. Investors should forget about markets because this is the time for national joy.
Proud moment as an Indian. Yet another strike at Terror camps in #Pakistan. Forget markets. Forget Portfolio bleed. This is time for national joy!!
Surgical strike b4 & Air strike now.#NewIndia #Pulwama #IndianAirForce #Indiaattackspakistan— Amar Ambani (@AmarAmbani) February 26, 2019
"Political strategists believe that geopolitical risk has turned for the worse with a possibility that this calamity can get extended. The market will remain watchful and eagerly assess announcements from both the sides to evaluate further risk," said Vinod Nair, Head of Research, Geojit Financial Services on the current market situation.
I'd be happier for military operations to be conducted in secret. Write a book 10 years later. But I guess politics.— Deepak Shenoy (@deepakshenoy) February 26, 2019
Disclaimer: The views and investment tips expressed by investment expert on Moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions
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