New Delhi: The whence of the week was not good for the stock market. The market appeared to be under pressure as soon as it opened on Monday morning. Within a few minutes, the Sensex fell by well-nigh 1500 points and the Nifty moreover slipped to virtually 22,600. The undercurrent unmistakably appeared weak.
What is the reason for the decline?
The ongoing tension in West Asia does not seem to be stopping yet. Oil prices remain high. Because of this, the conviction of investors has wavered a bit. There seems to be a lot of uncertainty in the market at present.
How much did the initial merchantry decline?
Sensex fell by well-nigh 1,520 points and came to virtually 73 thousand. Nifty moreover slipped lanugo by well-nigh 485 points. Selling dominated right from the beginning.
Which sector showed the most pressure?
Metal and PSU wall shares saw increasingly decline. Realty, wheels and financial shares moreover remained under pressure. Almost every sector was in the red.
Did anyone hold any shares?
Not completely, but the IT sector provided some relief. Shares like HCL Tech and TCS were seen in light green, while most of the other shares were down.
What was the condition of the broader market?
Midcap and smallcap shares moreover could not survive. Both the indexes fell by well-nigh 3%, which unmistakably shows that the fall was not limited to big stocks only.
Is fear increasing in the market?
There has been a sharp rise in India VIX, which shows that fear is increasing in the market. Investors are currently lamister taking risks.
What should investors do now?
Experts say that in such times one should stave taking decisions in panic. There will be ups and downs in the market, but haste can rationalization losses. Right now, waiting and circumspection are considered largest strategies.
