The S&P BSE Sensex lost nearly 2000 points in a matter just 6 trading session weighed down by global factors and on the domestic front higher fiscal deficit and imposition of long-term capital gains tax (LTCG) of 10 percent in Budget 2018weighed on sentiment.
The long-term trend still remains on the upside and investors should use dips to buy into quality stocks and stay away from high PE stocks or stocks with a higher beta.
The near-term trend got disrupted led by a global selloff in equities but analysts see this as a golden opportunity for long-term investors to buy into quality instead of looking at liquidating their positions.
Following the downfall, the total market capitalisation of BSE listed companies eroded by Rs 10 lakh crore to Rs 1,45,22,830 crore in just six trading sessions.
Missed call
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