Markets are down because at some point they were overheated last month.
Also, FIIs have been selling ‘every single day of October’ so far. Here’s the data:
1st Oct: -5579 Cr
3rd Oct: -15,243 Cr
4th Oct: -9897 Cr
7th Oct: -8293 Cr
8th Oct: -5730 Cr
9th Oct: -4562 Cr
10th Oct: -4927 Cr
11th Oct: -4,162 Cr
14th Oct: -3,732 Cr
15th Oct: -1,748 Cr
16th Oct: -3,435 Cr
17th Oct: -7,421 Cr
18th Oct: -5,486 Cr
21st Oct: -2,262 Cr
22nd Oct: -3,978 Cr
23rd Oct: -5,685 Cr
24th Oct: -5,062Cr
25th Oct: -3,037 Cr
Total Selling in October =1,00,149 Cr
More than ₹ 1 lakh crore.
So it’s a double whammy effect.
Does it means they are smart… Well, not really… They sold at 15k Nifty & bought above 20k Nifty. You can read here
Should one be scared? No.
I personally don’t see a serious reason to lose my sleep for…
Falling markets open up opportunities. You should be able to grab them when they come.
That’s what we usually do.
Buy stocks when they are cheap.
