Indian The trend of decline in the stock market continues. The stock market, which closed with a big fall on Thursday, once again opened with a big fall on Friday. Today, BSE Sensex opened with a fall of 257.35 points at 80,749.26 points, while on the other hand, Nifty 50 also opened with a fall of 86.70 points at 24,664.95 points. Let us tell you that Sensex was at its all-time high of 85978.25 points on September 27, 2024. The Sensex has fallen by more than 5200 points from its all-time high.
There was an outcry among small investors
There is an outcry among small investors amid the ongoing huge fall in the stock market. In such a situation, it is very important for all investors to know what they should do now in the falling market. To find answers to the various questions arising in the minds of investors, India TV had a special conversation with renowned market expert Kunal Saraogi and tried to know why this decline is happening in the market and when it is happening. Will stop, what should investors do next and when will the recovery start in the domestic market?
Many reasons behind the ongoing decline in the market
Kunal Saraogi said that there are many important reasons for the ongoing decline in the market. He said that the Indian market is currently facing the pressure of the ongoing global sell-off in the markets across the world. Apart from this, correction was certain to come from the level at which the market had reached and this ongoing decline in the Indian market is also a part of the correction. Apart from this, the market is also under a lot of pressure due to tense situations in the Middle East countries.
What is Kunal Saraogi's advice for investors?
Market expert Kunal Saraogi said that there is no need for investors to panic due to this decline. He said that this decline will not have any significant impact and will soon stop. However, he also said that further decline may be seen in the market. Nifty 50 index may go down by 500 points from the current level but Nifty will get support at the level of 23,500 and recovery in the market will start from this level. Kunal Saraogi has advised investors to avoid selling and hold.
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