Amit Goel, "My advice is not to panic. The Nifty index dropped by almost 1,000 points in just the last two days. This is not a time to panic or sell your entire portfolio. Rather, it's a time to buy some good quality stocks or ETFs, which are now more reasonably valued than they were last we
Pune (Maharashtra) [India], August 5: Investing in the stock market through equity funds can be daunting. On the one hand, it offers higher return potential than most traditional investment avenues. On the other hand, it comes with a fair degree of uncertainty and volatility.
The Sensex plunged by 2,222.55 points, closing at 78,759.40, while the Nifty fell by 662.10 points, ending the day at 24,055.60. Among the Nifty companies, only 5 advanced while 45 declined, underscoring the market's bearish sentiment.
The Indian rupee depreciated versus the US dollar on Monday to touch its all-time low, tracking global heavy selling in stock markets, over risks that the US may potentially slip into recession.
The Sensex, India's benchmark stock index, opened with a sharp decline on Monday. The index has seen significant declines on several occasions, often in response to global and domestic economic events.
Indian markets experienced one of the worst falls on Monday with both the indices Nifty, and Sensex registered high losses during the opening trade. Indian stock markets followed the global bloodbath.
The buying spree in Indian stock markets by foreign portfolio investors (FPIs) continued into the second month. The net foreign investments into the Indian stock market stood at Rs 32,365 crore, data made available by National Securities Depository Limited showed.
The report highlights the key indicators which reflect the extreme valuations in the Indian markets. It added that the market cap to GDP ratio stands at 150 per cent, matching the 2007 peak.
The Indian stock market exhibited volatility over the past week after touching a fresh lifetime high. The benchmark indices closed marginally lower amid mixed signals.
According to analysts, Indian stock markets experienced a sharp fall, tracking a sell-off in the US markets. Weak US manufacturing activity raised concerns that the economy might be slowing faster than anticipated.
The investors are cautioned and advised not to subscribe to any such scheme or product offered by any person or entity offering indicative, assured, guaranteed returns in the stock market as the same is prohibited by law.