Stock market crashed after 9 months of rise, will it fall further or should you buy, know here

stock market crash: Whenever there is a big fall in the stock market, smart investors invest in select stocks. After a slight fall on Friday, a huge fall is being seen in the market today. Nifty and Sensex have broken their important levels. The question is whether after such a big fall, should one invest money in the market or should the money invested be withdrawn. Something similar happened during the Corona period as well when the stock market fell in March 2020, people sold their stocks while some investors invested a lot of money in the market during this period.

Even today the situation is similar. Due to the threat of recession in America and the war situation in Iran-Israel, heavy selling is being seen in the Indian stock markets as well as the global market. From one perspective, one should always invest money when the market falls. But, it is more important at which level one should buy. Let us tell you what is the view of the experts after this fall?

Also read- Market fell due to recession and threat of war, big shares crashed, is this the right time to invest money?

Shopping this fall?

In November 2023, Nifty gave a breakout and showed a continuous rise from the level of 20000. Now after a full 9 months, the market is witnessing a decline in the 10th month. The question in the minds of investors is that after such a long rise, should money be invested in the stock market when Nifty and Sensex have fallen by more than 3 percent. Reacting to this, Harshvardhan Rungta, CFP, Rungta Securities said, “Amidst this decline in the market, one should invest in the shares of pharma and FMCG sectors. These stocks can give good returns in this decline. At the same time, he has also advised investing in large cap stocks. Harshvardhan Rungta believes that this volatility in the market may continue, in such a situation, money should be invested in quality stocks for better returns.

Despite this decline, brokerage houses also remain optimistic about the Indian stock market for the long term. However, due to poor global signals, the market will remain volatile in the near term. The brokerage firm has also advised investing in quality stocks.

Investing advice in these 3 stocks

According to a Mint report, Shiju Koothupalakkal, technical research analyst at brokerage firm Prabhudas Lilladher, has given a buy recommendation on 3 stocks for the next three to four weeks. The brokerage firm has given a target price of Rs 1020 on Ramakrishna Forgins. A target of Rs 720 has been given on West Coast Paper Mills and Rs 630 on Harsh Engineers International.

(Disclaimer: The views given here are of the brokerage firm and market experts, not investment advice. Since investing in the stock market is subject to market risks, please consult a certified expert before investing.)

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