Nifty and Bank Nifty declines sharply …Good opportunity to buy | Motilal Oswal Research

Nifty and Bank Nifty declines sharply …Good opportunity to buy on long term prospective

 

Nifty and Bank Nifty declined 1% and 2% respectively on account soft global market. Asian market fell 1% each as the spread of the delta coronavirus variant stokes concerns about the resilience of the economic recovery and bolsters haven assets. US Dow Future and European Future gained modestly. However, domestic cues is positive on account of fall in oil price, impressive domestic economy data and good quarterly results. Good opportunity to buy for long term prospective like HUL, Infosys, ACC, Axis Bank, ICICI Bank, Maruti. .