The Sensex saw a fall of nearly 2 per cent on Monday. The Sensex looks down 9% or 4,567 points from its recent high of 52,516 in February 2021. The Nifty has also seen a decline of around 7 per cent during this period.
Experts say that due to the restrictions being implemented in different parts of the country to deal with Corona, there will be a negative impact on the country’s GDP. Market giants say that any fall due to Covid-19 should invest in good stocks.
Market giants say that the Indian market will trade in the Consolidated range where 14200-14000 will serve as a strong base for this. On the other hand, the zone registration of 14800-15000 will work for the upstream side. But there will be stock-specific opportunities for investors in corona-proof sectors.
Rupen Rajguru of Julius Baer Talking to Moneycontrol said that although the second wave of Covid-19 has posed new challenges for the economy, consumers and traders have accepted the new normal. Lockdowns are also expected to be limited at local levels. Given this, it does not seem that this new wave of Corona will derail the recovery of the economy.
Rupen Rajguru Further said that in the near term we will see shopping in corona-proof sectors like healthcare, IT and chemicals. At the same time, from the long perspective, we see financials and domestic cyclicals being good because they will get the most from the economic recovery coming forward.
New Kulkarni of Axis Securities Says that in the short term we will see a big impact of the second wave of Covid-19. But keep in mind that the demand never completely ends, it will be seen coming back again. The impact of the lock down will be huge for the travel, tourism, restaurants and hotels sectors. But this will have little impact on IT, pharma, metals, telecom and consumer staples. The second wave of the corona will have the greatest impact on the discretionary consumption.
India Covid has been one of the most affected countries since 19. The market took a dive in March 2020, then it showed stability in April and after a year, we are once again in the same mood.
Market experts say that investors should invest in corona-proof sectors at this time. Investors should adopt a purchasing strategy in the fall while remaining in their investments. FY 2022 will be the year to pick good stocks.
Waterfield Advisors के Nimish Shah States that April 2020 to April 2021 is different in many ways. Both the people and the market are more prepared than ever to deal with Corona. He further said that the correction in Nifty from peak of 15,200 to 10 percent would be a very good support level for it which is around 13,600-13,700. At this time, we should keep an eye on the good stocks of auto, big private banks, large NBFCs, home improvement / electrical appliances companies, chemical and pharma sectors.
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