NEW DELHI: Indian markets witnessed bulls hammering during the week gone by as investors gave a thumbs down to Union Budget amid somber global mood following weak China data that raised concerns over slowing global economy.
Both Sensex and Nifty extended their weekly loss into the second week, falling 1.97 per cent and 2.18 per cent, respectively.
This week's Tweet Buster explores where could market head and what should be your investment strategy amid all this. So, let's dive in.
Shyam Sekhar, co-founder, iThought said selling in market would soon end.
Selling is also like Rainfall. Somewhere, the precipitation will have to end. The Monsoon like selling in markets… https://t.co/Te88UUg5Q6
— Shyam Sekhar (@shyamsek) 1562835378000
Sandip Sabharwal, independent market adviser, also believes the economic revival was around the corner.
Many are indicating a significant easing of financial conditions since Mid June. This combined with falling bond yi… https://t.co/gtWAVUxsbp
— sandip sabharwal (@sandipsabharwal) 1563032339000
Sabharwal says had the government's tax policy been more supportive, growth and employment generation would have been much higher.
Markets and the Economy should still do well Largely due to the significant monetary stimulus If the tax policy of… https://t.co/yybY9fIkDA
— sandip sabharwal (@sandipsabharwal) 1562857644000
Amid all this, there are a few investment tips to navigate over the next couple of days.
Research, says Sekhar, is the key to making the right investment decisions. Sekhar said, "Rarely, is the road to investment easy. It must not be."
Before reaching an investment idea, one has to go through a lot of search, struggle & study. If we reach stock ide… https://t.co/Ni8aGxbK9I
— Shyam Sekhar (@shyamsek) 1562732333000
Sekhar said, "Reacting to big mistakes is far more important than living with them."
One stock loses two thirds of its value over 10 years. Another loses two thirds of its value over one year. Which… https://t.co/5VulQCD1rW
— Shyam Sekhar (@shyamsek) 1563066481000
Sabharwal warns against investing in bond funds.
Indian 10 yr bond yield moves below the 6.5% level to end at 6.49%. Next level, where it could possibly bottom out… https://t.co/g7MF5R3ZMD