Saurav Kumar gets up early in the morning. An hour of morning walk and some freehand exercise keep him fresh and invigorated through the day. A typical day for him begins with a look into the WhatsApp groups and Telegram messages. And, then he tunes on to a business channel before picking up the pink paper to know about the markets.
“I adopted the routine during the lockdowns last year. Markets soon became a hobby and now it’s an obsession. I want to be at the top. I’ve diverted some business investments as the markets scaled all-time highs,” he says. But, it’s not really as smooth, as he thought it would be. What pricks Saurav now is the volatility that has gripped the markets after the Covid crisis began easing to some extent.
Saurav is one of the millions who are having palpitations because of the madness in the equity markets. They hitch a ride on the charging bull to book profits and make hefty margins but, within moments, a bear emerges out of nowhere and gnaws them down. Wild corrections often leave them high and dry.
The second wave of the Covid pandemic is seemingly behind us and experts believe that the impact of the third wave would be relatively lesser on the economy. It’ll take a while for the corrections to stop and the markets to settle down. Investors should take this opportunity to enter the market because the outlook for the next few years looks positive.
This story is from the August 2021 edition of Outlook Money.
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This story is from the August 2021 edition of Outlook Money.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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