Share Market News Today | Sensex Tumbles Over 900 Points, Nifty Down 338 As Markets See Correction

Share Market News Today | Sensex Tumbles Over 900 Points, Nifty Down 338 As Markets See Correction

a terrible day of trade we saw markets trade under pressure right from word go this morning the Nifty and the sensex now extending those losses at one point even trading sharply lower and crashing over 1,000 points currently of course we are seeing the levels being volatile but the Nifty and the sensex clearly giving up those levels the sensex has already given up the 73,000 mark BC and uh small cap index as well as the M midcap index really crashing the most the BC small cap index even crashing as much as over

5% now and has been speaking to analysts through the day and what many are telling NDTV is that look liquidity was overflowing as well as the fact that valuations have really been stretched as far as the small cap and midcap spaces concerned however all sectoral indices in particular Metals realy energy trading sharply lower and to decode this further we joined by Amish Bala Market expert thank you so much for joining us what's the of course we have seen markets trade under pressure we do know the fact that valuations have been

stretched for this sector big caps and small GS in particular but what really is the reason for the markets extending those losses no see first of all the validations were expensive and the stocks continued to move up because of liquidity because people were making money so they were putting in more funds and because of which the stocks are going up and it was not due to valuation but now uh in the past couple of days in fact the past one week we had seen that The Regulators are worried about the valuations and uh I mean they have been

talking of the fro in the market and that has percolated down to even the mutual funds who have started restricting uh fund flow into the small and midcap fund I think that is what is playing out and once we have once you see a certain amount of Correction for example uh like uh the small cap index we have seen more than a 5% correction which actually means that couple of uh these small cap stocks would have corrected maybe 20 30% 40% in some cases and I think that that has created some amount of panic among those who had seen

only profits till date in the past so many months I think the first signs of huge losses I think that has started causing panic and when you have this Panic you stop investing further so the liquidity which was driving up the stocks the liquidity has started drying up and I think that this could be just the beginning we could see some more correction from here as the the liquidity dries up more right and for those tracking the markets very closely your message to them going forward in the days ahead because like you said

these could be volatile times and you're also someone who's tracking the market very closely so your message to all investors really who are tracking the markets very closely the the movement really on the midcap and the small cap space very very closely as well as sectors at large I see I mean U my my message to the retail investors would be if you are still making good money or even some losses in the small small cap and the midcap stocks which you have bought recently I think it's still time to book

and get into the large caps because they are the more stable uh stocks and that is where the valuations are still not too expensive so better to park the money in large cap stocks and the stocks you understand well and do not invest based on tips all right thank you so much for sharing your thoughts and your insights we will of course keep tracking the markets very closely

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