Ignore rout, stay put, say experts
With Monday’s fall, the equity markets have corrected almost 7 per cent from their all time highs hit in August 2018.
Mumbai: While the intense selling in the equities over the last two days have caught lot of investors off-guard, experts believe that the best strategy to adopt at the moment is to stay invested in the markets. With Monday’s fall, the equity markets have corrected almost 7 per cent from their all time highs hit in August 2018.
According to them, the sharp bounce back witnessed by the Nifty after hitting the 10,800 level mark in the intra-day trade on Friday suggests that the markets are enjoying strong support at those levels and further downside from the current levels are limited.
“I think investors should not panic and stay invested as the markets have priced in most of the negatives at the moment. They include crude oil prices breaching the $80 level mark, Indian rupee hitting 73 a dollar, escalation in global trade war and the likelihood of a hung Parliament in 2019. So the markets would soon find a bottom around the current levels which will be a good opportunity for investors sitting with cash,” said Ambareesh Baliga.