Manpreet Gill, Senior Investment Strategist, Standard Chartered Bank, on Thursday, said that he will be cautious on the market as the positioning has been one-sided in the last few days. He explained that his advice would be to wait before buying into the market.

Share Market Live

NSE

Gill is of the view that pausing before some of the key events that will be playing out would be the best approach. He shared that key central bank meetings coming up in the future will be significant events to watch out. According to him, the US Fed’s signal will be important with respect to rising inflation. Also, further sanctions on Russia will be key, as it could lead to another wave of a market correction.

“We need to see the Ukraine conflict in particular, and financial measures against that and how those evolve, whether those are done or there is more escalation and we have a couple of key central bank meetings coming up ahead. So it’s more of normalization of positions, just taking a bit of a pause ahead of key events and that’s going to be a market focus,” Gill said.

Catch minute-by-minute updates on the stock market, and more, here:

Elaborating on the current market scenario, Gill mentioned that 2022 may be a tough year in terms of returns. He highlighted that despite that, there’s a need to remain overweight on equities in the global market. Further, he mentioned that yield in the bond market is not suggesting a recession.

For more details, watch the accompanying video

Catch all the latest updates on Assembly Elections 2022 results on CNBCTV18.com’s blog here

Follow minute by minute updates on election results of each state here: Uttar Pradesh, Punjab, Uttarakhand, Goa, Manipur

Click here for our full Assembly Elections 2022 coverage

First Published:Mar 10, 2022 10:01 AM IST