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Foreign investors have withdrawn about Rs 1 lakh crore from the Indian market. Its effect can be seen on the market in future also. The market is opening again today after three days. Indian markets were closed on Friday on the occasion of Guru Nanak Jayanti. Today again a decline has been seen in the market.
The period of decline in the stock market continues. In the last one and a half month, investors have suffered a loss of about Rs 48 lakh crore. Amidst all this, foreign investors have withdrawn about Rs 1 lakh crore from the Indian market. Its effect can be seen on the market in future also. Indian stock market benchmark equity indices Sensex and Nifty 50 may open with losses on Monday due to weak global market cues, a Mint report said. When the market opened today, both Nifty and Sensex were seen in the red zone. Around 9.30 am, Nifty was down 52 points at 23,480 and Sensex was down 201 points at 77,378.
Signal is coming from Gift Nifty
GIFT Nifty trends also indicate the beginning of a gap-down for the Indian benchmark indices. GIFT Nifty was trading at 23,500 levels, a discount of about 100 points from the previous close of Nifty futures. Let us tell you that Indian markets were closed on Friday on the occasion of Guru Nanak Jayanti. Domestic stock market indices continued to fall for the sixth consecutive session on Thursday. The Sensex fell 110.64 points to 77,580.31, while the Nifty 50 fell 26.35 points or 0.11% to 23,532.70.
the market may turn negative
Nifty 50 is now below the key 200DMA at 23,540, said Nagaraj Shetty, senior technical expert, HDFC Securities. DMA is an indicator that makes it easy to understand the trend when looking at charts.
What should investors do in such a situation?
At this time investors should avoid overinvesting and focus on saving capital safely. He says that fund diversification should be the most important topic for every investor at this time. Then, when it comes time to invest, they can consider mutual funds and gold. However, according to ET’s report, the market may fall further. In such a situation, if someone invests his funds at short intervals then it can be an option with good returns in the long run.