Sensex below 11000, Markets Crash Further!
After a massive 888 points intra-day swing yesterday, the Sensex today swung a huge 898 points, before ending with a loss of 453 points at 10,939.
The 30-benchmark index plunged 518.71 points below at 10,872.72 losing the 11,000 level an hour before the day's close.
Both the market indices the sensex and the nifty continued to play hide-seek with rising up to the green and slipping down into the red.
Experts say that there exists buying opportunity in the market for the long-term. Mutual Funds are sitting on huge money and they will look at investing into the markets, he says. But As of now for retail investors, wait watch seems to be the best thing to do. However investors can buy stocks like Reliance, Gujarat Ambuja Hindalco Industries to name a few for the long term.
The 30-benchmark index plunged 518.71 points below at 10,872.72 losing the 11,000 level an hour before the day's close.
Both the market indices the sensex and the nifty continued to play hide-seek with rising up to the green and slipping down into the red.
Experts say that there exists buying opportunity in the market for the long-term. Mutual Funds are sitting on huge money and they will look at investing into the markets, he says. But As of now for retail investors, wait watch seems to be the best thing to do. However investors can buy stocks like Reliance, Gujarat Ambuja Hindalco Industries to name a few for the long term.
posted by Sensex-Blog Admin at 5:04 AM
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