With few cities in the country still seeing an increase in COVID cases and with no clarity regarding when the vaccine will be available in the country, the volatility in the stock market will remain in the entire week.
Since every small and big event happening in and around the world has an impact on the stock market, this year has been a roller coaster ride for every investor.
Other factors like the US stimulus talks and the global cues will indicate how the market performs in the upcoming time.
Speaking to a few Fund Managers of the city they said, this week is extremely crucial for the stock market as it will show how the shares and the mutual funds of people will perform. Investors should be extremely careful before investing anywhere whether it is stocks, gold, property to start a mutual fund.
Prashant Jog another Fund Manager said, “As of this moment it is very hard to tell how the market or the funds of people will perform. I would advice everyone not to start any kind of new investment as of this moment”
Another Fund Manager Rohan Bhorcharg had a different take he said, “I would definitely admit that the volatility in the market will remain but the investors should take advantage of this volatility to not only save but multiply their money”. He said, “I am quite optimistic that all this volatility and uncertainty in the market is because of COVID and once the vaccine will come things will settle down”.