Indian Stock Index Close in Red 30th March 2020 (Corona Effect)
As expected due to Corona Virus fear once again Indian stock market close in red on 30th March 2020. Though our whole nation went lockdown for 21 days to prevent such hazardous virus. Today investors was expecting the market will pull up and show some strength across sectors but fails to recover from its day low. Starting from Metal to IT to Banking Sector to Auto Sector each and every stocks close in negative.
27th March 2020, previous close Nifty Index ends at 8660.25 with a marginal 18 points up. Foreign Investors purchased around 300crores compared to their purchase basket is too low and Domestic investors have brought around 1400crores which i think is not a good numbers. I guess on opening bell DIIs have sold the shares at market price in which market falls deep.
Now retail investors are getting worried with such falls which is depreciating their holding values. At such case it advised investors to hold and if possible try to average at lower levels. But if someone is looking for investment in stock market at current scenario then i can say its a golden opportunity to grow wealth more than FD’s, Postal deposits or NCDs.
Stock market investment is subject to market risk but before you invest study company fundamentals balance sheet and future growth of the company. In stock market money needs some time to grow but dont gamble money doing intraday trading. Then the meaning of investment and trading will be completely different.
At current scenario i think market will move according to the news. If positive waves come form government then market will go up or else it will remain in Bears Grip. Start SIP bluechip share at regular basis for higher returns.
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