Bottom difficult to call; mkt at attractive level: Alchemy Cap
Indian market is trading at an attractive level for long-term investors, is the word coming in from Hiren Ved of Alchemy Capital Management. Further, he feels it will take a while for the market to bottom out. Going against the tide and the capitulating fall seen in the markets on Wednesday, he told HNIs to add to their investments and while a bottom may be difficult to call, 12- months down the line, investors will be glad they bought at these levels.
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Most Asian stocks have declined in early trade on Thursday. Japan’s Nikkei 225 has been trading with loss of 105 points; Hong Kong’s Hang Seng has lost 239 points, while China’s Shanghai Composite has shed 8 points.capitalstars
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