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"Buy equity and not gold. Our ancestors didn’t know about equity so they bought gold. We have the option of buying higher return assets so we should buy equities. Also, they should invest in established companies which have demonstrated their earning power over different cycles. It is always a fad to invest in a microcap but that requires a lot of due diligence which a new investor may not do. "

“One has to construct the portfolio skilfully and not in a very concentrated manner. So, have 25-30 stocks across the industry and if you have chosen them well, maybe some of them will turn out to be multibaggers; but some will also turn out to be duds. One should be careful and tell oneself that yes I will make some mistakes and I will need to exit some of these names.”

“Bond market volatility will stay elevated for the next six to 12 months,” said Anwiti Bahuguna, portfolio manager and head of multi-asset strategy at Columbia Threadneedle. She said the Fed could pause its rate hikes next year only to resume if the economy is stronger than expected.

With India being the only market offering growth and stability along with status of least depreciating currency, analysts said we may not see major withdrawal of foreign funds from equities. “On a full year basis, we may not see FII flows in the next Samvat to be worse than that in the current Samvat as incrementally Indian markets will not look very expensive vis-a-vis its peers or its earnings growth,” said Deepak Jasani, Head of Retail Research, HDFC Securities

Though India is in a better position, high inflation in the rest of the world will have a cascading effect on the domestic economy and the stock market.It is logical to invest in areas that are less elastic to high inflation like service providers as well as staples. Industries that have a high growth cycle, steady source of raw materials (no supply issue), and low leverage.

“We are going to be a total food and beverage company. We are in the beverage business, the food business, we are also in packaged tea. So we are looking at the entire playing field: organic and inorganic growth is on the table. I would just leave it at that.”

DLF Ltd might delay the launch of a real estate investment trust (REIT), its top executive said, due to headwinds from rising interest rates.

“India is transiting from being a part of global emerging markets to becoming a single country allocation. We will get money on our fundamentals, on our earnings growth no matter what happens to the emerging markets if we can make that transition. And the beginning of that transition has begun.”

“I am a very conservative investor. I have always had about 60-70% of the portfolio in hybrid funds. My preferred category has been balanced advantage and I also think they offer a mix of debt and equity with tax efficiency. That is why I do not hold debt explicitly. So that is the bulk.”

Both BSE Sensex and Nifty50- jumped more than 2 per cent each. Midcap and smallcap indices also ended in red, whereas fear gauge index India VIX slipped below 18-levels. On the sectoral front, buoyancy on the banking front combined with a buying in select IT, energy and FMCG majors kept the tone positive for most of the week. However, metals and media counters were disappointed. Seven key factors that will guide the markets in the truncated holiday bound festive week.