The current situation where the world is grappling with outbreak of coronavirus, the economic impact of lockdown across economies is making a dent on global market performances.
Many experts say it is time to pick big and strong companies from the pack and add them to your portfolio.
"The COVID-19 hit has generated great opportunities for everyone to invest in quality business models at attractive valuations. This opportunity is being presented to investors after 12 long years and should not be missed. Investors should focus on investing in right economy, right Sector,
The benchmark and broader indices are still in negative terrain with Nifty50 falling 23 percent and Nifty Midcap index 25 percent year-to-date.
Experts also feel once the lockdown opens in coming weeks, all industries will gradually back to normal levels in coming months which could be reflected in earnings and economies probably in second half of FY21, especially after the financial package of nearly Rs 21 lakh crore announced and expectations of one more package for demand revival by the government.
"Amidst this gloomy backdrop, gradual opening up of the economy provides a silver lining. Thus, we believe the interplay of health and economic crisis would hold the key to markets in the near term," Motilal Oswal said.
Hence, Aashish Somaiyaa, MD & CEO at Motilal Oswal Asset Management Company advised that one should avoid panic and remain invested.
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