Thursday saw the expiry of weekly option contracts, so there was volatility on the street – with a slight bearish bias. Going forward, expect higher volatility in the market every Thursday. So, if you are taking investment decisions, it would be better to ignore Thursday's index movements. Remember this lesson from history: When the market starts recovering after a corrective phase – as is happening these days – it is led by stocks of good businesses with managements that have experience in dealing with all kinds of adversity. So, focus on what kind of business you are buying. Because, what happened in October and November will be repeated. A quality stock with a robust underlying business will better survive a future downturn. ET Screener, powered by Refinitiv’s Stock Report Plus, lists quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “Buy” or "Strong Buy". The screener applies different algorithms for all BSE and NSE stocks.
