Today's Top Gainer
Note:Top Gainer - Nifty 50 More
The Nifty50 fell in 1998, 2008, 2011, and 2014. It suffered its worst fall of 24% in the year 2008, followed by a 6% decline in the year 2011 and 5% decline in 2016.
The Nifty has approached the oversold zone after correcting by 15% over the past eight weeks. Hence, we believe that the index could undergo a trend reversal process.
Housing sales have also witnessed a jump of ~8% in the first three quarters of 2018 as against the same period in 2017. While we are still far away from historic peak levels, the positive impact of reformatory changes such as RERA and GST has been making itself felt.
If history is an accurate guide to the future, the ongoing correction offers an opportunity to long-term investors to take advantage of the fall in stock markets.
State polls will soon be held in the three states of Chhattisgarh, Rajasthan, and Madhya Pradesh, all part of the so-called “Hindi belt.”
The recent decline can be seen as a much-needed correction, reminding the rapidly growing NBFC sector that growth must be accompanied with discipline.
To encash on the increased demand during the festive season, builders, on their part, leave no stone unturned to lure customers with freebies and discounts.
Looking at the dramatic movement in the markets, it would be easy for one to panic, but what should you do to stay put and play smart?
Market corrections are fairly regular occurrences and signal a healthy market cycle. Here’s how you can protect yourself from volatility by investing systematically with patience and discipline.
As long as the index trades above the key medium-term support band between 11,000 and 11,100, there won’t be any major threat to the uptrend. Why?