Business week last day NSE Sent and BSE Sensex Closes to 3-month low. There was a big drop in midcap and smallcap stocks. Speaking of the industry index Energy Metal Index About 5% closed. today real estate, IT Stocks also fell. Today, the Sensex fell 874 points while the Nifty posted a fall of 288 points. After March 7, 2022 bank sent The largest decrease was observed during the course of the day. The Nifty Bank slipped 1302 points to close at 40,000 345 points. however during Auto, Pharma Index Some relief came from the slight rise Investors lost around Rs 6.75 crore on the huge fall in the market.
If investors want to avoid losses in such markets or reduce their losses, they should consider the three pieces of advice given here. We spoke to our partner channel CNBC-Awaaz today Sunil Subramaniam, CEO and MD, Sundaram Investment Fund Gave his advice to avoid casualties.
Avoid panic selling
In order to avoid losses, Sunil Subramaniam said that the market is panicking, but first of all you have to remember that you have to trade cautiously. Sunil said investors should avoid panic selling. One should not panic about the collapse of the market. For fear of this fall, do not sell in a hurry.
Wait to invest a lump sum
As a second piece of advice, he said if you’re thinking of investing in a lump sum, that is, if you’re going to make a lump sum investment, then wait now. Avoid investing now in a hurry. This is because neither you nor we know how long the market panic reaction will last. We believe that the 2023 budget will also come next week. For this reason too, market volatility will continue. So do not buy or invest directly.
Double the SIP for the next 2 months
Sunil Subramaniam gave the third piece of advice and said if you have a SIP, double your SIP for the next 2 months. He said that volatility is SIP’s friend. Therefore, regardless of what your SIP is doing in the market at the time, you should increase the rate as it will benefit you.
(Disclaimer: The views and investment advice offered on Moneycontrol.com are the personal views and opinions of investment professionals. Moneycontrol advises users to consult certified professionals before making any investment decisions.)
