Business News›Wealth›Invest›Don't let FOMO drive you: Why investors must not rush to invest in equities right now
Don't let FOMO drive you: Why investors must not rush to invest in equities right now
Synopsis
A continuously rising market, despite the ongoing negative economic news, has now created a fear of missing out (FOMO) among investors sitting light on equities. Investors must not rush in to invest in equities right now as valuations are way too high.
Market moods tend to swing rapidly and 2020 had on display both the extreme highs and lows. Due to the global panic over Covid and the consequent despair, the Sensex tanked by 15,971 points or 38% between January and March. However, the stock market went on to overcome the worries and a V shaped recovery has taken the Sensex up by 18,674 points or 72% from the March closing bottom. With net FII investment at Rs 60,358 crore in November— the
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