On Monday, after a strong rally, the market saw a drastic fall on Tuesday with both the Nifty and Sensex in red. Just a day before, Nifty and Sensex had posted their biggest single day gains as investors across the country were relieved little bit as their sentiment improved after the news of the ceasefire between India and Pakistan. Yesterday’s rally added Rs 16,15,275.19 crore to the total market capitalisation of all the listed companies taking it to Rs 4,32,56,125.65 crore. However, today the market had fallen from the previous gains made yesterday, Sensex fell over 1000 points and Nifty had fallen again.
According to the experts, the ceasefire between both the countries has given the market a nice breather. They have also said that both the domestic and foreign investors have been buyers this month. It is always wise to keep a watch on pharma and defence. Both the small and mid caps are also doing well. Experts across the world have also said that the Nifty is looking strong for now. Long term investors should stay invested as for now the market is looking strong for the long term.
Investors ahould always keep in mind that timing the market is not possible, many experts have also indicated that the select companies in IT Sector, defence, engineering will do well. Also, keep in mind that never sell in such periods as it is very important to think about long term in such periods. Keep investing as investors must always have a strong mindset and should focus on their long term goals.
