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.
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.
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