Edelweiss Mutual Fund CEO Radhika Gupta has highlighted how 'Fear of Missing Out' can cost market investors. Amid volatile activity in the markets, Gupta expects only those who stayed calm and stuck to their allocations to do well and said, because "action is more expensive."
"The moves across equities, debt and commodities over the last month have been a real test of patience and the ability to stay calm in a storm. Those who have kept away from FOMO - positive and negative, watched a little less news, and stuck to their allocations will do well. Action is more expensive than we imagine," the Edelweiss MD posted on social media platform X.
The Indian equity markets clocked in their best performance on Tuesday on the back of the India US trade deal. The Nifty Nifty ended in green gaining over 2.5% in trade and closed over the 25,700 mark.
Moreover, the Indian Rupee rallied for the fourth consecutive day to outperform all Asian currencies.
The India-US trade deal boosted the legal tender to its best session since 2018 as foreign investors flocked into a market they cashed out over the past year amid trade frictions. The rupee strengthened 1.4% to close at 90.27 per dollar, according to Bloomberg data. Intraday, the local currency surged as much as 1.6% to 90.05, becoming the best performing unit in Asia.
The US will slash reciprocal tariffs on Indian goods to 18% from 25% and eliminate the additional 25% duty linked to the purchases of Russian crude oil. The trade deal will be "effective immediately", President Donald Trump said, following a phone call with Prime Minister Narendra Modi late Monday, signaling immediate tariff relief for India.
Many key industrial sectors like auto, pharmaceuticals, and textiles are going to stand out as beneficiaries on account of the reduced tariffs, a development which will boost market confidence even more.
ALSO READ: India-US Trade Deal: MCX Silver Futures Jump 14%; Gold Contracts Near Rs 1.53 Lakh Per 10 Grams
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