A big decline was seen in the stock market on Monday. Bombay Stock Exchange’s major index Sensex closed at a one-month low of 78,759.40 points with a massive fall of 2,222.55 points or 2.74 percent. National Stock Exchange’s Nifty also plunged 662.10 points or 2.68 percent to close at 24,055.60 points
Know this and understand this, the stock market on the basis of which crores of investors of the country were thinking about increasing their income and were betting their luck in the constantly rising stock market. They have suffered a loss of Rs 15 lakh crore in a single day.
This is just the beginning. If experts are to be believed, the stock market may see a decline of up to 10 percent. Yes, this means that what happened on Monday can be seen again in the coming days.
The market has definitely opened with recovery on Tuesday but it is possible that the decline in the stock market continues this week.
This means that more than 18 crore investors of the country may have to face more losses. The greed of investors which was reaching its peak has now turned into fear.
As we told you, a fall of up to 10 percent is being estimated in the stock market. You can understand what will be the limit of investors’ fear?
Investors may lose several lakh crores of rupees in the coming days. So let us try to understand from stock market experts what kind of situation can be seen in the stock market in the coming days?
The market may fall by 10 percent
According to stock market experts, the fall on Monday could be just the beginning. The market could fall by 10 percent from its record high. In a media report, market expert Sandeep Sabharwal says that the stock market could fall by 7 to 10 percent from its record high.
Speaking in support of this, he says that due to this fall, the kind of bubble that was being seen in the stock market will be reduced to a great extent.
After which the market will be at such a valuation which will be very good for the investors as well as the stock market for the long term.
BSE had reached a lifetime high with 82129.49 points on August 1. If the experts are right, then the Sensex can see a fall of more than 8200 points. Which can be considered a big fall.
Investors should not rush
Now the biggest question in front of the stock market investors is what should they do? Should they look to sell the shares? Or should they turn to buying in the stock market? While answering these questions, experts are advising investors not to make any hasty decisions.
Santosh Meena, Research Head of Swastika Investmart, says in a media report that he is seeing signs of a meaningful correction for the first time after a long period of boom in the global market.
He has advised investors and traders to be cautious. He said that it would be better to avoid investing immediately. Better entry levels can be seen in the coming days.
On the other hand, Vikas Khemani, founder of Carnelian Asset Management, says in a media report that there will be many opportunities to buy. But there is no need to rush.
Big drop in the stock market
A big decline was seen in the stock market on Monday. Bombay Stock Exchange’s major index Sensex closed at a one-month low of 78,759.40 points with a massive fall of 2,222.55 points or 2.74 percent. National Stock Exchange’s Nifty also plunged 662.10 points or 2.68 percent to close at 24,055.60 points.
During trading, at one point it had fallen 824 points to 23,893.70 points. This is also the biggest one-day fall in Nifty after June 4. Due to this fall, stock market investors have suffered a loss of Rs 15,32,796.1 crore.
Due to the signs of slowdown in the US economy and a huge fall of 14 percent in Japan’s index Nikkei, stock markets around the world registered an all-round decline.