Indian equity markets have seen sharp corrections in the past few trading sessions. Concerns over the spread of Omicron, coupled with high oil prices and hawkish stance by global central bankers, might lead to greater volatility in the days to come.
Mutual fund players observe that even after the recent fall in Indian equity markets, valuations remain slightly above the historical average. They say investors should still not invest at ‘one-go’ in markets and continue instead with their asset allocation strategy.
Nilesh Shah, managing director of Kotak Mahindra Asset Management Company (AMC), says, “The market today is grappling with some concerns. We