Prepare yourself for the tough time ahead

At the moment of writing this, worldwide around 2.9 million people affected in which 2 Lakh people died already due to coronavirus pandemic. The impact of coronavirus on the global economy is something we have not seen in our lifetime and it looks like this impact on the global economy is going to long last for several months.

The countries which are topped in the coronavirus affected table are the countries which we dreamt to live in the past decades. But unfortunately today Americans and Europeans are the most affected people on this planet. The worst part is that the impact of the economy on these developed nations will hit developing nations like India badly.

Since MNCies are very much dependent on the people of developed countries for their business, they will suffer financially which may lead to reduce outsourcing their work to Indian companies at a larger scale. They may even think of stopping whatever they feel luxury and run their business with essential services only.

You may witness people suffering without a salary hike, or a reduction in salary, or even job loss in the coming months. This is going to be a tough time, people must prepare themselves both financially and mentally. Do not spend money on luxury needs, even spend money wisely for the essential needs.

You may not get enough money to spend in the upcoming months for your essential needs.
So think twice before spending a hundred rupees note.

Short recovery of Indian stock markets on a short week

There was a little hope on the stock market in the last week (short week too). Investors were busy buying good stocks with the hope of normal business resumption by the end of the nationwide lockdown on April 15th, 2020.

On Thursday Nifty 50 ended with 9111 up 363 was a good sign of a short recovery. The recovery lead by Pharmaceuticals companies with growing demands on medicines. There was a 20% increase in Nifty Pharma in the last week. You can hold your pharma stocks instead of selling them for a short gain. you may get a good profit out of those pharma stocks. But keep your eye on stop-loss price too.

There was a little recovery in the Automobile and Banking sectors as well. But as of today, it looks like the lockdown may be extended by the governments. This will definitely impact the stock market more. Since the supply chain is disturbed and manufacturing is put on hold, companies can do hardly anything for earnings.

With lockdown getting extended some experts say the Indian stock market will fall as much as it could. Nifty 50 may go down to very low levels. Do your research and analysis for fundamentally good stocks and keep your list ready, you will be able to buy them for a very cheap price and build your portfolio for a long term gain.