Mumbai: The market closing on Friday, investors might have thought – thank god, this week is over. It was the worst week in the last two years. This fall has scared investors. A large number of people started trading shares after the outbreak of Corona virus. He has also made good profit. But, they are disappointed about the current market situation.
Many investors who entered the market late have lost all their profits. The Sensex fell nearly 5.19 per cent this week. Nifty too fell 5.36 per cent. Due to this, 14 lakh crores of investors were destroyed. Titan was the biggest loser. It fell about 6 per cent. Wipro, Shree Cement, HDFC Life and BPCL fell over 3 per cent.
LIC’s stock fell nearly 5 per cent this week. At the beginning of this week i.e. on Monday, the price of this share was Rs 687. On Thursday, it closed at Rs 654.35. This is a big setback for investors investing in LIC shares. A large number of LIC policyholders had invested in this IPO. He did not have much experience about the stock market.
Shares of RBL Bank fell 19.66 per cent this week. At the beginning of this week i.e. on Monday, the price of this stock opened at Rs 102. But, by the end of the week, its price dropped to Rs 82. Talking about one month, this stock has lost more than 31 percent. NALCO’s stock has fallen nearly 12 per cent this week.
Right now the market is considering inflation as the biggest threat. Worldwide inflation is at several-year highs. Central banks around the world are trying to control this. They are raising the interest rate. On Wednesday, the US central bank Federal Reserve raised the interest rate by 0.75 percent. Due to this, there was a big fall in major Asian markets including India on Thursday.
Market experts say that investors should not sell their shares out of desperation. This is the time to be patient. In the current environment, they should focus on protecting their money rather than making profits. They should make up for the fall in March in 2020. Then there was a big drop in the market due to the news of the start of the corona epidemic. But, within a few months, the market had made up for its losses.