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Market correction is a good opportunity to pick up quality stocks

It is difficult to purchase such stocks during bull runs when their valuations turn exorbitant

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Illustration: Binay Sinha

4 min read Last Updated : Jun 24 2022 | 9:46 PM IST

The incessant slide in the stock indices has unnerved even seasoned stock investors. The bellwether indices, the Sensex and the Nifty 50, have declined by about 15 per cent from their 52-week highs of 62,245 and 18,604 (on October 19, 2021), respectively. For investors with a high risk appetite, however, the present correction offers an opportunity to pick stocks at attractive valuations.

Correction may continue

The markets could correct further if inflation remains high, forcing central banks such as the US Federal Reserve and the Reserve Bank of India (RBI) to hike interest rates and tighten liquidity.

“The near-term outlook

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