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Any sharp dip in the market help for long term equity portfolio: ICICIdirect
Source: IRIS | 18 Dec, 2014, 09.33AM
Rating: NAN / 5 stars.
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''Any sharp dip in the market like the recent correction should be utilized for building the long term equity portfolio as the medium to long term outlook remains positive,'' said ICICIdirect.

''Domestic markets closed negative after a volatile day of trade due to negative sentiments due to depreciation of the rupee, weak macroeconomic data and global growth concerns amid caution ahead of the US Fed policy statement that came after market hours,'' it said.

''US markets closed positive as the Fed's monetary policy statement was seen as putting off an anticipated interest rate hike until later next year,'' it added.

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