2006-06-06 20:15:49 · 6 answers · asked by Aaditya 1 in Local Businesses ➔ India ➔ Other - India
Valuations went ahead of the earnings and the market was ignoring all the bad news and marching past all the goal posts. Once the wise investors started to pullout the market corrected and as it always happens the corrections were sharp and steep.
Now the market is fairly valued, those long time investors who were waiting on the sidelines will use the opportunity to invest again.
If you bet for a minimum of 3-5 years then it will rise. Short term the volatility will continue.
Good luck.
2006-06-06 21:14:25 · answer #1 · answered by glib 3 · 1⤊ 0⤋
The basic reason for the fall of Sensex is the long pending correction, and profit booling by small time investors.
It will rise agin in the near future as the economy looks quite healthy.
2006-06-11 22:05:33 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The index was intentionally brought to very high level by few who wanted to get out of the market without caring for long term gains. u may call them investors turned speculators. stability is expected only when long term investors shed their fear and reenter the market.chances are they may come in @ 9500
2006-06-06 20:32:29 · answer #3 · answered by concord_india 1 · 0⤊ 0⤋
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2016-10-30 08:31:13 · answer #4 · answered by winstanley 4 · 0⤊ 0⤋
Support of nifty is at 2800 and then at 2300 it may start rising from 30 june
2006-06-06 20:30:14 · answer #5 · answered by NEW 2 · 0⤊ 0⤋
there are many reasons behind this downfall ..
even the monsoon predictions can't help them out..
if u want to invst go thru mutual fund way..
2006-06-10 08:25:49 · answer #6 · answered by sanjubuddy 4 · 0⤊ 0⤋