Brace yourself for huge, nasty surprises and hope for lucky breaks. It may be a long, bumpy ride
Recent Sebi move, drop in securities' prices contribute to the fall
On Monday, the blue-chip NSE Nifty 50 index and the S&P BSE Sensex crashed 12.98% and 13.15%, respectively, their biggest plunges on record. The rupee hit a fresh record low against the dollar
We expect global growth to level off to 0.7 per cent in 2020 (before corona we estimated 2.9 per cent).
Experts say there has been heavy selling of shorter-tenure bonds in the markets, and given the lockdown, their buying capacity has shrunk significantly
Market experts said investors were afraid of the unprecedented disruption to business activity pushing the country into a prolonged recession if the outbreak did not stem
Several blue chips such as Axis Bank, Wipro, ONGC, Bajaj Finserv, and Titan have fallen off the list following unprecedented declines in their stocks
Investors should take a heart from the fact that there are countries, such as China and South Korea, where normalcy is returning.
It is going to be very difficult and testing time for retail investors.
The Sensex hit a low of 26,924.11, triggering temporary pause in trading across all the segments in the markets
Maruti Suzuki India (MSI), the country's largest carmaker, said it was suspending production at its facilities in Haryana "till further notice".
Over half the CNX100 stocks still expensive; Nifty, too, in higher valuation zone compared to 2008-09
Market participants attribute this to regulatory tightening and standardisation of margin requirements, stringent reporting for brokers, and segregation of client funds
According to experts, the Nifty has continued to form lower top-lower bottom formations, a trend seen in the last five weeks, and witnessed sharp selling towards 9,700 zones
The scariest aspect of the crash is that, for once, it's about something real
Mohandas Pai, former CEO and board member at Infosys, made a pitch for removing the tax on share buybacks
"We think Indian policymakers must catch up and that too in a short time," analysts at the brokerage firm wrote.
The economic fallout of Covid-19 is yet to be analysed but it will have a significant impact on India Inc's earnings in the March quarter as well as in financial year 2020-21 (FY21).
The fall in banking stocks has a huge bearing on the overall markets as the sector has the highest weighting in the benchmark indices
Nifty falls below 9,000 after dropping 10% in two days