Nivesh Ka Fanda: Ashish Somaiya says that sometimes the price of oil goes up due to supply chain or other reasons. But this does not mean that the demand has increased. Looking at the current production and its cost, its actual price is estimated at $ 75-80.
Watch G Business dgmartpro.com Live TV here
Possibility of product price correction
Ashish Somaiya said that many times the price of oil goes up due to supply chain or other reasons. But this does not mean that the demand has increased. Looking at the current production and cost, its actual value is estimated at-75-80. It is difficult to say how long such a situation will last due to fighting. After that we can see the correction. Many times there is a roar due to financial speculation i.e. financial speculation. It is a matter of relief that this is a transient stage, which cannot be long lasting.
Investment fund
Investors should invest slowly in 2-3 months: Ashish Somaiya, CEO, White Oak Capital
See # Niveshkafunda With Anil Singhvi
Live https://t.co/3ILYCxtlS1 Anil Singhvi_ Whitecockcap @ AshishPS pic.twitter.com/t6aUmNqMs6
– Zee Business (ZeeBusiness) March 7, 2022
What should investors do now?
We are the third largest oil consumer in the world. The Russo-Ukrainian war is not directly affecting us. At the same time, our dependence on exports or imports from these countries is not very high. If we talk about oil, this war will not have much effect on us.
People are reducing their position in equity for some time for various reasons. At the same time, if the situation is normal, the direction of the capital market may change rapidly. Don’t buy or sell the money that has been invested in this situation. At the same time those who are investing money should also invest slowly.
Where can I invest money?
Invest in a mutual fund for 2-3 months. Don’t wait too long to invest. In such an environment one can focus on diverse sectors. Speaking of investing in terms of stocks, one can invest in large financial stocks, large private sector banks.
(Disclaimer: Investment advice here is provided by a brokerage house / expert. This is not a G-business opinion. Please consult your advisor before investing.) According to experts, the situation may change quickly if it is normal.