Is it a good time to buy stocks, or will the markets correct further?

On the global front, analysts expect the 'higher for longer' narrative as regards interest rates to play out for some more time as leading global central banks remain in a wait-and-watch mode

It has been a topsy-turvy few weeks for the markets. While the S&P BSE Sensex has managed to eke out minor gains thus far in the calendar year 2024, the smallcap and midcap (SMC) indices on the BSE have risen over 7 per cent each during this period.

The markets are likely to remain choppy and rangebound over the next few months, say analysts, amid global developments and the events lined up back home. Investors, they advise, should not jump in to buy just now, as the months ahead will allow them to buy their favourite stocks a bit cheaper.