00:10so the thing is the sensex is down by 2.3 per 2.13 percent and uh uh the nifty
00:18is also down
00:19down by 2.01 percent the inr figures are 92.65 and the crude oil opened at around 112.15
00:26dollars
00:27what's your take sir how is the market performing the market seems to open at red
00:34yeah see like we cannot uh forget that we are still into that uncertain uh scenario of the market
00:43a lot of uncertainty is there a lot of things are happening globally and especially crude prices
00:48uh they're certainly like we need to be very very careful because the way they have uh inched up
00:56from their lows of hundred dollars to almost 110 it is something which is concerning uh to emerging
01:03markets and especially to indian markets and maybe because of that today we are witnessing
01:08good amount of sell-off in our markets uh it is down more than 500 points today so broadly we
01:14are of the
01:14view that we need to be very very careful in this market if there is a very short-term view
01:18then
01:18certainly stay away from taking any any short-term position in the market if there's a long-term
01:24position long-term view then only you should look for taking some bets otherwise it is better to be
01:29stay away for the time being despite the government assurance uh when it comes to the crude oil uh lpg
01:36gas cylinder png and cng that we are we are we don't have any issue while importing these commodities
01:44from uh the gulf and the state of home rules uh there is a kind of panic situation in the
01:51market
01:51uh what's your suggestion for the traders and the investors to not do any any kind of situation that
02:00may deteriorate the market further now see like this particular market is see right now means see we are
02:08not panicking in the market but and one should be very very uh watchful i'm saying instead of panicking in
02:16the market but the way the rise in crude price and we are like majorly depend upon the import of
02:25crude oil
02:26so whenever there is such type of scenario and if the problem the source of this particular problem is
02:32straight of foremost from where all these particular things are like getting exported uh if that is
02:40under let's say uh a lot of these uh uncertainties and uh uh the uh fear of uh furthermore uh
02:49extension
02:49of the war i think in that case we need to be careful and uh because of that only i
02:55think the market is
02:55preparing for that we can means it's very difficult to say in the past also when there was like war
03:01between
03:01russia and ukraine uh we saw oil prices move to the levels of 140 dollars per barrel this time we
03:09saw
03:09peak up to 120 dollars per barrel but in case on let's say any day war intensifies then in that
03:18case
03:18we can even expect the levels of 140 and maybe and see market discounts a lot of things well in
03:23advance
03:24so what is happening currently is like already has happened now what can be the possibilities
03:30on that the market starts discounting and i think a lot of aging is happening in the market
03:37because overnight risk is very very high yesterday also you can see that the markets were very close to
03:42uh 24 000 levels but today it opened 500 600 points lower only only on the because
03:49on the back of us fresh attacks on iran and now iran has also warned that they are he they
03:57are going to
03:58strike missiles on gulf nations so this is something which is new to the market this has not happened in
04:07the past you must have seen past may jitne bhi war huye kabhi gulf nations saudi dubai katar bhaerig
04:16he kabhi limelight mahi nahi aya but this time because of all these things it is like something
04:22which is really worrisome and we need to be careful in this market now considering the fact that uh
04:28they they still means like either either we like it or we don't but there is a kind of a
04:34panic
04:34situation or concerning situation among the traders and the investors and especially the people from
04:41india who uh who are looking for uh depository and looking for uh looking for cng lpg and petroleum and
04:50all uh do you think if the situation continues uh more panic may more panic situation may arise
05:00uh in couple of months yeah there is a possibility that tension can increase and if that increases
05:10then certainly we can see some more panic uh from investors uh the reason is because since last two
05:18years we have not seen any uh major last one and a half year we have not seen any major
05:23returns on
05:24investments and uh in last two years or three years if we consider the period of last
05:30let's say three years then a lot of new investors have joined to the market and they have not seen
05:35such type of unusual activity in the market so whenever there is such type of unusual market
05:41seasoned investors those who have spent let's say 10 15 years in these markets they can manage to
05:47this situation because still it is not out of control the market is down by just 10 12 from its
05:52high but during the covet time during the financial crisis time 2008 2009 uh during tech boom crash the
06:02markets were down more than 40 percent this is not the case this time and in the uh last let's
06:10say
06:10history of 30 35 years whenever there is a war or such type of escalation we have seen market to
06:17correct between 10 to 20 percent not 40 45 percent the way it crashes during the let's say pandemic
06:25or financial crisis so right now there is no at such any financial crisis but because of rising
06:32prices it impacts to the economy thereby it impacts to uh several sectors and based on those calculations
06:42uh the selling comes in the market so i am of the view that at these levels instead of panicking
06:51instead of taking or buying any uh falling knife it is better to stay away from taking any position this
06:59time at these levels if there is a direct impact of any on any sector uh then there we should
07:05be careful
07:05but otherwise i think in these markets it is better to stay away
07:09uh my last question to you sir uh with all these situations revolving and the government uh
07:16government helping and it's like uh communicating you know communicating on a daily basis uh
07:24they they are they are they are things that needs to be taken care of uh in which which relates
07:29to fii
07:30invest uh fii's fdi's uh but also means like there might be some uh impact that we can see or
07:38we can expect on the wpi inflation and cpi inflation your take we would like to know your take what
07:45can be done
07:46and uh how how can things be resolved in coming months to say like it's very difficult to say that
07:56what will be the next strategy of the government but currently whatever that they are doing they are
08:02doing at their best and i'm sure that they will find out something which will help to the uh uh
08:10let's say people at large and uh in the past also during the covet time during the financial crisis
08:17time government has taken a lot of initiatives in fact during the tariff time also the government
08:23has taken initiatives of rationalizing gst rates or removing tax for uh middle class people up to 12
08:30lack income i think all these majors really help to the economy to recover revive from the lows of 22
08:37000 to almost 26 000 again this time also the government is definitely means means already they
08:44are taking a lot of steps in the future also they are going to stay uh future steps but because
08:49here
08:50our money is involved and the risk is very high of increasing furthermore crude prices
08:58or geopolitical tensions because of that we are asking our investors to uh take some caution like
09:05instead of putting a lot of money in one go because the market has fallen uh it is better to
09:10take staggered
09:12view of buying on dips see if there is a long term view if there is a view of two
09:16to three years then
09:18in fact we are advising our clients to take some select bets in this market see whenever there is a
09:25panic in
09:25the market whenever you invest in panic most of the time it gives a lot of reward or to your
09:34risk but
09:35it takes time it's not that it is going to happen in next two three months and you cannot in
09:40fact expect
09:41also that the market will recover in one or two months it's not that easy it will take some time
09:47definitely but government is trying and government is definitely going to take a lot of measures which
09:53will eventually help the economy and we can again see higher levels in the market so our view is to
09:59just look for taking some um investment bets with a long term view with a view of next two to
10:05three years
10:06and if there is a short term view then just stay
Comments