Markets have over-reacted to Omicron Covid variant; buy the dips: Analysts

As a portfolio strategy, those at Invesco suggest investors maintain current allocations, and view any continued sell-off as a buying opportunity

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Illustration: Binay Sinha

Puneet Wadhwa New Delhi
Global equity markets, including India, have seen a sharp sell-off over the past few sessions as the Omicron Covid variant reignited concerns of sporadic lockdowns and limit movement of goods and people across key economies. Analysts, however, believe that the markets have overreacted to the development and a market fall from here on, if any, should be used to add to positions from a medium-to-long term perspective.

"It will likely take weeks before enough information on the Omicron variant is available to know whether it is the major threat that markets seem to fear. Even if existing vaccines don't protect against it and it is more transmissible and virulent than other vaccines, we would not panic, as pharmaceutical companies have

First Published: Nov 29 2021 | 10:53 AM IST

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