Market bloodbath: Is sell-off nearing an end? Motilal Oswal's Prateek Agrawal sees strong Q2, easing QIPs
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Benchmark indices slumped up to 1690 points in the last five sessions, with Sensex ending below 72,000.
- ✓Motilal Oswal’s Prateek Agrawal said the market could get breathing space in October as QIPs slow during earnings.
- ✓"Our optimism remains," he said, noting that September quarter results could be stronger than the June quarter.
Story at a Glance
- Category
- MARKET
- Reported By
- Zee Business
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
The Indian stock market may get some breathing space in October as fundraising through qualified institutional placements (QIPs) is likely to slow during the earnings season, Motilal Oswal Asset Management Company MD and CEO Prateek Agrawal said in an interview with Zee Business Managing Editor Anil Singhvi.
Agrawal said the recent selling pressure could continue in the near term due to profit-taking and other factors, but the market outlook remains positive.
"Our optimism remains," Agrawal said, adding that the market could see some improvement from next month.
Benchmark indices slumped up to 1690 points or 3 per cent in the last five sessions, with Sensex ending the week below 72,000. Meanwhile, Nifty 50 declined 694 points to end below 22,500.
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