Ace investor Vijay Kedia on Monday, May 25, expressed caution about market conditions during an exclusive interview on NDTV Profit's Townhall. According to reports from NDTV Profit, Kedia believes it is still tough to say that the worst is over for markets and advised investors to remain careful at this stage. He emphasized that the market can no longer be looked at in an isolated manner, requiring a more comprehensive global perspective for investment decisions.
Despite positive signals including Brent crude falling below the $100 per barrel mark and better-than-expected Q4FY26 earnings growth, the Indian stock market has started the week positively amid ongoing geopolitical challenges. As reported by NDTV Profit, the Indian Rupee has appreciated against the US Dollar from its record low levels last week, providing some support to market sentiment. However, foreign investors have been on a sustained selloff mode, creating additional pressure on market stability.
Kedia advocated for a 'bottom-up' approach while maintaining his cautious stance on current market conditions. According to NDTV Profit's report, he noted that the trends of domestic frontline indices Sensex and Nifty 50 do not give a clear picture about the economy especially amid ongoing undercurrents, as it involves very limited number of stocks. He emphasized that investors need to look at the global market scenario to take investment decisions rather than relying solely on domestic market indicators.
Market experts are advising market participants to be in a wait-and-watch mode for further clarity on near-term cues, as reported by NDTV Profit. The cautious approach comes at a time when foreign investors have been on a sustained selloff mode, creating uncertainty about market sustainability. Experts believe that the Indian stock market needs to demonstrate sustainable positive momentum to confirm a potential recovery from current market conditions.
