Even as US Markets show volatility, they remain on a bull run, Anil Singhvi says; Indian markets to remain less volatile

Whatever is happening in the US markets is not surprising unlike the last time, Zee Business Managing Editor Anil Singhvi said. The job data this time even as the pandemic stays, has been strong, he said. As the job numbers look good and the economy shows signs of recovery even if there is some inflation or high-interest rates, it would not mean much, the Market Guru said.

He added that growth is being achieved at cost of inflation and that is not a bad thing. Even the US Markets are thinking likewise, he said. It was but-natural to see a rebound after three days of correction, Singhvi said.  

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He said Indian markets are less volatile as compared to the US markets. There will be no dramatic rise and fall expected in the domestic markets now, Singhvi said. 

As compared to the last time, the current jobs data has been one of the best in the pandemic situation and it has added to the growth of the markets eventually. 

It is a bull run and there is no indication that the market would break away from this run, the Managing Editor said.  

Perhaps, there would be a break or slowdown in the growth of US markets, but the chances of it making a U-turn is mostly negligible, Singhvi opined. 

He further added, there is nothing to worry about for the US markets, unless it doesn’t close below the support level and gives a big and important indication of correction.  

In a lighter vein, Singhvi said that it augured well for the equity markets if the bitcoin does well. It is one asset class that has a huge impact on the performance of other asset classes, he opined. Some of its positivity could brush-off on the mood for the global stock markets as well, he said.