Market corrections are good for investors but for traders, it could be a nightmare if you get caught on the wrong side of the trade. A similar story panned out in 2008 when S&P BSE Sensex was trading above 20K and Nifty above 6000 levels.
But, things took a turn in global markets which turned the tide for Indian markets as well. Benchmark indices suffered a fall of more than 50 percent in that year, which wiped out more than half of market capitalisation in a matter of months.
In falling markets, most blue chip names suffered a big fall but investors should remember that any fall due to external factors and not company-specific is a good buying opportunity.
Investors who made their investment back in 2008 are a happy lot even after 9 years. Some stocks have given return up to 7,000 percent in the same period.
Stocks which delivered multibagger return include names like Eicher Motors (7107%), followed by Aurobindo Pharma (1338%), IndusInd Bank (1150%), Lupin (822%), Asian Paints (809%), Maruti Suzuki (705%) Motilal Oswal said in a report.
Biggest gainers from 2008 peak with respect to market cap ranks are: Maruti, IndusInd Bank, Ultratech, Asian Paints, Eicher Motors, HDFC Bank and HUL, added the report.
We have come a long way from 2008 and things have improved considerably over the period of time, the report added. The macros are in place, the GDP growth is still the highest compared to developed economies, expectations of double digit earnings growth, reform push by the govt also helped sentiment and domestic liquidity which from mutual fund lend support to market whenever foreign investors booked profits.
Although markets could see intermediate correction anytime in this bull run, but, this time it is different unlike 2008. It is a DII-led rally that we witnessed in 2017 and if earnings show consistent trend, new highs are here to stay. Some experts see next 5000 points on Nifty in next 2.5 years.
To
Get Free Trial on stock market tips,equity trading tips give
Missed
call @8817002233,WHATSAPP NO. 8602780449
Mail
Us = starindiamarket@gmail.com
No comments:
Post a Comment