Advertisement
Friday, Aug 12, 2022
Outlook.com
Outlook.com

According To Abbaszadeh Enterprises, The Stock Market Is About To Rise Again

Amidst the global gloom, stock markets are on the verge of bouncing back again, and there are reasons galore for these strong movements.

According To Abbaszadeh Enterprises, The Stock Market Is About To Rise Again
According To Abbaszadeh Enterprises, The Stock Market Is About To Rise Again
outlookindia.com
2021-07-02T10:54:25+05:30

The global pandemic had made a negative impact on the stock markets, which plunged downwards during the past months, but now there's a ray of hope as markets are consolidating and are on their way to spiral in the upward direction. One of the reasons for this trend could be that the investors are taking government decisions of not going for a full-scale lockdown and the vaccination drive, which have given maximum coverage which calls for the hope of normalizing things and settling down in the next couple of months giving markets the much-needed boost to revive. "I think that the foreign portfolio investment outflow will gather pace in coming months if the healthcare situation does not improve, and that would possibly create havoc, but being on the optimistic side, such situations will not see the face of the day, hopefully," says Reza Abbaszadeh, founder of Abbaszadeh Enterprises who is a keen observer of fluctuating market trends.

Many industry experts feel that the markets look at a positive situation that will improve the currently lagging scenario and take it to a much better space. In the absence of the global lockdown and the number of cases going down, there is much hope surrounding the situation. Vaccination programs on the rise, being one of the foremost reasons, according to observers. Furthermore, banks considered to be the backbone of the economy have not faced any major crisis as expected, which is certainly a positive sign. While the infection and mortality rates have been going down amongst people who have been vaccinated, industry insiders have been predicting of opening up of the economy as a result of free travel and ease of doing business as earlier. The gloomy clouds would fade out in the next three to four months, hopefully paving the way for the markets to bounce back in action.

Abbaszadeh says that investors should not look at speculative trades now and should continue only with long term investments and choose stocks that are well-equipped to handle a future crisis like the current pandemic and continue to be safe bets under any unfavourable circumstances.

 

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

In happy times and sad, Habba Khatun’s sensuous songs make both young and old emotional. With the never-ending conflict bringing tragedies to every doorstep, Habba’s lyrics of separation amplify their mourning.

How Indian Laws Govern People’s Right To Love And Live

How Indian Laws Govern People’s Right To Love And Live

In India, only those relationships between a man and a woman are considered to be legitimate when there is a marriage between the two.

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Virat Kohli, 33, had recently stepped down as India's T20I captain and was subsequently removed as the ODI captain.

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

A Mahila Congress leader, who is the face of the ‘Ladki Hoon, Lad Sakti Hoon’ campaign, however, has accused the party of anti-women bias after she was denied a ticket.

Advertisement