As Indian stock markets started this current leg of rally from close to 15,000 levels (Nifty) in June, buy-on-dips approach has paid good dividends. With Fed meeting scheduled later this month and global markets seeing a selloff after hot US inflation report, VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, suggests retail investors avoid aggressive buy-on-dips approach for the time being even though Indian markets continued to outperform global peers. The Nifty was today down 0.8% to 17,900 levels even though global markets were in a sea of red. The Sensex was down nearly 600 points.
(This story has not been checked by Kashmir Bulletin and is auto-generated from other sources)