Boy, what a day! We lost over $169 billion or Rs6.69 lakh cr in market cap today. Everything was going in just one direction, DOWN. The BSE sensex fell 7.41% to 17,605. A fall of more than 1,400 points in one session! About 38 companies lost more than 20%. The fears of an US recession along with the expensive P/E of the Indian market triggered this free fall. Now the big question on everybody's mind is whether this is the bottom or they is more pain to come. There is no use timing the market. No one can. The best option is to buy on fundamentals and stay invested for a longer time period.
With the markets at current levels, for someone with enough liquidity its a good time to enter the market. Obviously no one knows what will happen from here, but if you invest on fundamentals and value, you should stand to gain in the long term. Happy investing.
With the markets at current levels, for someone with enough liquidity its a good time to enter the market. Obviously no one knows what will happen from here, but if you invest on fundamentals and value, you should stand to gain in the long term. Happy investing.
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