Since January 29, the Share Market has broken up to 6 percent from its high. After PNB fraud, there is pressure in the market due to sentimental and weakening at the domestic level. However, after the second and global level of sales, recovery is now seen in markets across the world. Even corporate earnings this season has been better in India. Experts say that the market has got support for earning, while the global sentiment also improved, which is not afraid of a big fall. Hopefully, the market will return to recovery soon. In such a situation, investors do not need to be scared.
No change at fundamental level
Rudra Investment Research Expert, says that since the last week of January, the market has been continuously volatile since making high, but there is not much difference at the fundamental level. The pressure of selling in markets across the globe has also dominated the Indian market. At the same time, LTCG and PNB cases have also weakened sentiment. At present there is no positive statement at the domestic level, due to this, the market will remain under pressure till at least till March. LTCG tax is also effective from 1st April.
Corporate Earning Support to Market
In the third quarter, the company has been in the earning double digit of the company. Overall is also a recovery in corporate earnings. In this case, the market is getting the support of earning. At the same time, there is a chance of shopping even after the fall. Due to which the market is getting DII support too. For these reasons, there is no fear of a major downturn. If there is a big positive trigger at the domestic level, market conditions will be corrected.
Rudra Investment SEBI Registered Advisory, Increased trust with improvement of earnings
Talking about last 9 days, between 5 February and 18 February, Domestic Investors net investment of Rs. 8600 crores in the market. Experts believe that by improving corporate earnings, the positive sentiment is being created by the investors over long periods so that they remain in the market. However, due to the rise in bond yields, the market is not getting support from foreign investors.
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