Stock market breaks after 9-month rally, fall further or buy, know?

Fall in stock market: Whenever there is a major fall in the stock market, prudent investors invest in selected stocks. After a minor fall on Friday, the market is witnessing a sharp fall today. Nifty and Sensex have broken their key levels. The question is, after such a big drop, should we invest money in the market or withdraw the invested money? Something similar happened during the Corona period when the stock market crashed in March 2020, people sold their stocks while some investors invested a lot of money in the market during this period.

Even today the situation is similar, due to the threat of recession in the US and the Iran-Israel war situation, a huge sell-off is being seen in the Indian stock markets including the global market. From one point of view, one should always invest when the market falls. But, it is more important at what level one should buy. Let us tell you what is the opinion of the experts after this reduction?

Also Read: Recession & War Markets Crash, Popular Shares Crash, Is It Right Time To Invest?

Shopping this fall?

In November 2023, Nifty gave a breakout and showed a continuous rise from the 20000 level. Now in 10th month after 9 months the market is seeing decline. The question on investors’ minds is whether they should invest in the stock market after such a long rally, with Nifty and Sensex down more than 3 percent. Reacting to this, Harshvardhan Rangatta, CFP, Rangatta Securities said, “Amidst this market downturn, one should invest in shares in the pharma and FMCG sectors. These stocks should give good returns this fall.” He also suggested investing in large-cap stocks, as Harshvardhan Rangatta believes the market may continue to fluctuate, investing in quality stocks for better returns. Should.

Despite this decline, brokerage houses are also optimistic about the Indian stock market for the long term. However, the market will remain volatile in the near term due to poor global cues. The brokerage firm also suggests investing in quality stocks.

Investment advice in these 3 stocks

Shiju Kothuplakkal, technical research analyst at brokerage firm Prabhudas Leeladhar, has suggested buying 3 stocks for the next three to four weeks, Mint reported. The brokerage firm has given a price target of Rs 1020 on Ramakrishna Forgens. West Coast Paper Mills has a target of Rs 720 and Harsh Engineers International has a target of Rs 630.

(Disclaimer: The views expressed here are those of brokerage firms and market experts and do not constitute investment advice. As investing in the stock market is subject to market risks, please consult a certified professional before investing. (Consult an expert.)

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