Indian stock markets went way down last week (Feb 4th week) with Sensex on 38297 and Nifty 50 on 11201, a worst week since 2009. The China which contributes 28 percentage of manufacturing in world is heavily affected by corona virus which leads to slowdown in supply chain and sales all over the world.
In Indian markets, investors were selling their stocks across the sectors on Friday which lead to Sensex ending with 3.64% down and Nifty with 3.71% down. Though it looks like good time to buy some technically strong stocks, investors should wait and watch in the coming week as there is chance for the stock markets to go down further.
Considering an example from my portfolio, Tata Motors which is a top stock in my portfolio is crashed to ₹128 from ₹201.7 (on Jan 15) sounds like a good deal to buy now. But JLR sales may go down due to Corona virus spread worldwide. we need to check the Feb 2020 sales of Tata Motors before taking any decision.
Those who are holding good stocks can buy few shares and average their buying price. But still until we get clear picture on Corona virus, the global stock markets will be volatile.This leads to a increase in gold price which is already sticking around ₹4000 per gram.
In Indian markets, investors were selling their stocks across the sectors on Friday which lead to Sensex ending with 3.64% down and Nifty with 3.71% down. Though it looks like good time to buy some technically strong stocks, investors should wait and watch in the coming week as there is chance for the stock markets to go down further.
Considering an example from my portfolio, Tata Motors which is a top stock in my portfolio is crashed to ₹128 from ₹201.7 (on Jan 15) sounds like a good deal to buy now. But JLR sales may go down due to Corona virus spread worldwide. we need to check the Feb 2020 sales of Tata Motors before taking any decision.
Those who are holding good stocks can buy few shares and average their buying price. But still until we get clear picture on Corona virus, the global stock markets will be volatile.This leads to a increase in gold price which is already sticking around ₹4000 per gram.
Very well put.
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