What happened last week in stock market was historic. But unfortunately not in a positive sense.
Not just Indian stock market, worldwide stock market indices went down as much as they could.
On Friday pre-opening session, Sensex and Nifty went to a very low level and exchange had to stop the trading and give break for some time.
Friday Nifty 50 went down to 8555(1000 down comparing to previous day close) and after the break it recovered back to the previous day level and surprisingly it went ahead and ended on green side at 9955 (+365).
But I am not feeling positive about market as it is too much volatile. Though Indian and US stock market ended in green side on Friday, unless we find a clue to control the Corona virus it is going to eat up investors money.
Initially I thought economy would require 6 months to recover once we find a way to control Corona virus. But day by day things are getting worse in global economy due to Corona spread which will increase the number of days to recover as well.
Anyway some big fishes i.e large cap stocks are in 30% to 40% cheaper price now. Those who waited for a long time for this cheaper price ranges can buy those stocks with some hope of economy recovery. But please keep some money to buy in dips because stock market may fall further.
Not just Indian stock market, worldwide stock market indices went down as much as they could.
On Friday pre-opening session, Sensex and Nifty went to a very low level and exchange had to stop the trading and give break for some time.
Friday Nifty 50 went down to 8555(1000 down comparing to previous day close) and after the break it recovered back to the previous day level and surprisingly it went ahead and ended on green side at 9955 (+365).
But I am not feeling positive about market as it is too much volatile. Though Indian and US stock market ended in green side on Friday, unless we find a clue to control the Corona virus it is going to eat up investors money.
Initially I thought economy would require 6 months to recover once we find a way to control Corona virus. But day by day things are getting worse in global economy due to Corona spread which will increase the number of days to recover as well.
Anyway some big fishes i.e large cap stocks are in 30% to 40% cheaper price now. Those who waited for a long time for this cheaper price ranges can buy those stocks with some hope of economy recovery. But please keep some money to buy in dips because stock market may fall further.
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