Recommend buying on dips; positive on India, neutral on Asia: Standard Chartered Wealth

Steve Brice, Chief Information Officer at Standard Chartered Wealth Management, believes it is a buying on dips environment in the market as we approach year-end. Brice mentioned that normally this is the strongest period for global equities, however the unprecedented times that have continued over the last two years have cast a shadow but Brice is hopeful that the market will be seeing volatility pick-up. He further mentioned that while he is neutral on Asia, he is positive on India.

“Usually when you get to November through April, we see significant gains for global equities, so seasonally this is the strongest period of the year. We have been in an unprecedented environment for two years and seasonality hasn’t worked that well but overall, we should continue to see volatility pick-up but ultimately, we do believe it is a buying on dips environment as we go into the end of the year,” he said, in an interview to CNBC-TV18.

Reliance Industries down 4%; analysts say earnings, valuation outlook intact