Perspective on Markets

By Sanjeev Zarbade, Vice President- Private Client Group Research, Kotak Securities:

Global markets closed in the negative for the week on the back of geopolitical tensions. The US authorizing targeted airstrikes on Iraq was the latest trigger. There was growing unease over the crisis in Ukraine. Indian markets were not insulated from the sell-off in global markets as it signed off the week in the negative zone. Capital goods, metals and realty stocks sold off. Going ahead, geopolitical tensions would continue to be in limelight, we believe. Investors are advised to utilize the opportunity to buy into quality stocks with strong management pedigree.