2/18/2023 0 Comments Brave writer discount codeThis will actually make portfolios healthy for the next uptrend, which I think will come soon,” he said. But whenever the base formation happens, there will be a lot of opportunities in stocks. “Nifty is struggling at 10,400 and we can go lower. ![]() He said there was also unwinding of leverage trade. So there is a sense that the US Fed is going to tighten faster than expected, said Atul Suri of Marathon Trend. It is a correction and the reason is that the US corporate numbers are much better than what people expected. Market capitalisation of the BSE-listed firms has tanked to Rs 147.99 lakh crore on February 8 from Rs 153.13 lakh crore on February 1. Investors have already witnessed wealth erosion of more than Rs 5 lakh crore in February so far. He said he did not see merit in blindly shopping stocks, just because they have fallen from their peak levels. ![]() ![]() Sekhar said it is a time to shop selectively. The list included Lupin, Exide Industries, Bajaj Hindusthan, Tata Motors, Indo Count, MMTC, Oriental Bank, LIC Housing Finance, CARE Ratings, Suzlon Energy and Strides Shasun. More than 50 stocks in the BSE500 index have hit 52-week lows this week so far. I would only look at it when people start selling them, not now,” Shyam Sekhar, Chief Ideator & Founder, iThought, told ETNow. I am not looking at the midcap space, because it seems to be over-invested. “One has to be extremely careful while investing in the midcap space. Ī widespread selloff triggered by a rout in global equity markets is affecting market sentiments. BSE Midcap and Smallcap indices are down 9 per cent and 10, respectively, from their peak levels. The BSE Sensex is down 2,400 points, or 6.65 per cent from its all-time high of 36,443 to hit an intraday low of 34,017 on February 9.
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