Market Updates

Entries for date "July 2019"

Monthly Update - July, 2019

Market Update

Union Budget that was presented on 5th of July, has triggered a steep decline in the domestic India markets. Sensex has tanked by 6.2% and Nifty 50 by 6.4%. Mid and small-cap categories declined to the lowest levels in 30 months. 

Some of the main reasons for the market decline are unfavourable budget, poor corporate earnings and below-average monsoon.

Mid and small-cap indices fell to their lowest level in the last 2.5 years. This could however, be an opportunity for long-term investor to accumulate mid and small caps at dirt cheap valuations. Historically broader markets outperformed after extreme corrections.

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