New Delhi. The year 2022 has proved to be very bad for those investing in the Indian stock market. No sector has remained untouched by this year’s decline. All the big companies of the country included in Nifty 500 have either given negative returns or have been flat during this period. The slowdown in the market can be gauged from the fact that most of the Nifty 500 stocks are trading below their 52 week low or 200 day moving average. So far this year, the Nifty 500 index has lost 12 per cent, while the BSE Sensex and Nifty 50 index have fallen 10 per cent.
moneycontrol.com According to a report by NITI Aayog, the companies that have seen the biggest decline since the beginning of the year 2022 are Dhani Services, Solara Active Pharma, Brightcom Group, Indiabulls Real Estate, Metropolis Healthcare, Hikal, Indiabulls Housing Finance, Dilip Buildcon, Welspun India , Nazra Tech, One97 Communications, Zomato and Sterlite Tech. The shares of these companies have fallen by 40-80 percent so far.
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These stocks reached a year low
The Nifty 50 included Hindalco Industries, Tata Steel, BPCL, IndusInd Bank, Shree Cement, HDFC Bank, Asian Paints, Wipro, Infosys, HDFC, HCL Technologies, Bajaj Finance, Tata Consultancy Services, Tech Mahindra and Grasim Industries. have reached their one-year low. All these stocks have fallen 8 to 40 per cent. Sneha Poddar, AVP, Motilal Oswal Financial Services Limited, says that the reason for the huge fall in the stock market is heavy selling by foreign institutional investors. FIIs remain sellers due to rising inflation and premium valuations.
Now is your chance to buy
Narendra Solanki, Head Equity Research, Anand Rathi Shares & Stock Brokers says that this is a great opportunity for long term investors to include good stocks in their portfolio as these stocks are now available at very attractive prices. Solanki says that if the fundamentals of the companies of the stocks included in the investors’ portfolio are strong, then they should hold these stocks even in this correction time. Analysts believe that one of the main reasons for the fall in some consumer durables, auto, banking, realty and metal stocks is their trading in futures and options and a sharp jump in the prices of raw materials.
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ups and downs will continue
Vikram Kasat, advisory head of Prabhudas Lilladher says that the volatility in the market will continue for 3 months now. The reason for this is the rise in inflation and the lack of reduction in geopolitical tensions.
Metal stocks have been under pressure ever since the government imposed export duty on steel. IT stocks have slipped into recession due to the ongoing turmoil in global markets, high rate of inflation and tightening of their monetary policy by central banks. IT stocks have also fallen due to the war between Russia and Ukraine.
Most of the IT companies of India have closed their business with Russia. Investors are exiting oil and gas stocks on fears that a hike in interest rates will slow the global economy and reduce energy demand.
Tags: business news in hindi, Share market, stock market
FIRST PUBLISHED : June 22, 2022, 13:32 IST