Stock market strategy: Is it time to buy, sell or hold? What analysts say

Excessive volatility is likely to continue for a few more days until clarity emerges from the crucial US Fed meeting. The market is discounting a hawkish Fed, analysts said

The possibility of faster-than-expected rate hikes by the US Federal Reserve and the simmering tensions between Russia and Ukraine have seen global markets correct in the past one week. Indian benchmarks – the S&P BSE Sensex and the Nifty50 – too have slipped around 6 per cent each in the past week. Adding to concerns in the Indian context were the rising oil prices that breached the $83 per barrel (Brent) mark to hit a seven-year high coupled with the uncertainty around the Union Budget proposals for fiscal 2022-23 to be unveiled by the Finance Minister on February 01.