Equity benchmarks recouped early losses with the Nifty firmly getting back above 8500, driven by ICICI Bank, Reliance Industries, ITC, L&T and HDFC.
If Trump wins and the market takes a dive, it will be a perfect opportunity to buy, says Ajay Srivastava, CEO of Dimensions Consulting while advising investors to keep cash on the sides now.
Srivastava believes a Trump win would, in the longer term, benefit most of the world much more than anticipated. He also advises caution on going all out and investing in any particular sector. “2017 is a year of stocks and not the market,” he says, adding, it is advisable to stick to the market leader in any sector.
