The selling pressure on the stocks is not reducing. Pressure was seen on the market on March 3 as well. The major indices were sometimes in green and sometimes in red. At one time the Sensex had fallen to 72,985 points. Nifty also reached close to the level of 22000. Nifty 50 has fallen 16 percent from its high of September 2024. The midcap and smallcap indices have crashed 22 percent and 25 percent respectively from their all-time high of December 2024.
Stocks available at 50% discount
Due to the decline that has been continuing for the last 5 months, many stocks of Nifty 500 have fallen by up to 50 percent. Dr. VK Vijaykumar, Chief Investment Strategist of Geojit Financial Services, said, "The reason for the continuous selling by foreign institutional investors is the high valuation of the Indian market and the attractive US bonds yield." He said that the valuations of large-cap stocks have now come to the right level. Financial stocks are looking attractive. The yield of 10-year US bonds has come down to 4.21 percent. In such a situation, the selling by FIIs is expected to decrease.
Greenery will return to shares rapidly in Indian economy
He said that there is good news about the growth of the Indian economy. GDP growth in the third quarter of this financial year was 6.2 percent. This is more than the 5.6 percent growth in the second quarter. GDP growth is expected to be more than 7 percent in the fourth quarter. This shows that there is a cyclical recovery in the economy. This is good news for the stock market. He said that this fall in the market is an opportunity for long-term investors to buy.
Also read: Stock market crash : If you are in big loss then know what you should do now
This is a great opportunity to invest in shares of good companies
Investors can invest in shares of good companies at low prices. Auto sales figures in February are encouraging. Mahindra & Mahindra and Eicher Motors have performed well. IT stocks are also looking attractive. Experts say that investors who stay in this market will make good profits in the long term. Investors who sell in panic will suffer losses.
These Nifty 500 stocks have fallen the most in the last six months
