Buy or sell: Sumeet Bagadia recommends three stocks to buy on Monday – November 18
Given the current market conditions, which include a correction phase, weak earnings, sustained foreign fund outflows, and rising inflation, the outlook for the near term appears cautious.
With the Sensex and Nifty down over 2.5% for the week and about 10% from their recent peaks, it’s advisable to exercise caution. Investors should avoid aggressive buying at this stage, especially considering the ongoing volatility driven by global factors like the stronger dollar and rising US bond yields.
Selective buying in defensive sectors or high-quality stocks might be a safer strategy, but overall, the market sentiment suggests holding or selling until clearer signals of recovery emerge.
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