For a while, the Sensex was on the up and up – investors were cheering and feeling bullish about the future. However, it is the stock market and as such, subject to highs and lows. If Twitter cheered at a rise, it did the opposite when the stock market plunged by 1,700 points. Twitter had its say, of course. #Sensex and #Nifty were trending, but not for any good reasons.
Investors lost as much as 8 lakh crores. Needless to say, this hurts many.
But very few. Mostly it was a blood bath.
Those who had been flying high for the past few months have had a rude shock.
Some expected Monday at the stock market expected to be somewhat different.
This was one Monday that many investor portfolios took quite a beating.
With the COVID 19 situation being worse than ever in the country, the sharp fall in the Sensex was perhaps to be unexpected – but unwelcome nonetheless.
Maybe the stock markets also tested positive.
Right now, Maharashtra is the worst affected state in terms of COVID cases. This has impacted market sentiment.
Winter A crash is coming – said those who have a sense about the Sensex.
Volatility is a feature of the stock market – a rule and not the exception… rather like cryptocurrencies.
What goes up, must come down as the old adage goes; as this scene from Scam 1992 with its iconic theme music explains.
Though the stock market follows a pattern for those who study it deeply, there could be unexpected gains and losses.
Some experts thought that a correction was not only inevitable but coming soon.
For some, steep falls in the stock market is expected. It is something one learns to live with and make the best of.
…Like exams.
People are wondering what the market has in store. Not more bad news hopefully? People don’t mind trends such as #Sensex and #Nifty --- so long as it’s for the right reasons.
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