Market falls 4% in just seven sessions: Is it a good time to buy?
“Global events that are beyond market control have triggered the recently fall. If there is more action over the weekend, the markets will continue to fall in the coming week as well. A lot depends on the geopolitical front and to that extent predicting the road ahead for specific index levels is risky,” says Jayant Manglik, president – retail distribution at Religare Securities.
Since its recent high on August 2, investor wealth as measured by market-capitalisation (market-cap) of the BSE listed companies till August 11 has dipped by over Rs 5.47-lakh crore, data show.