Blood bath on Dalal street as most markets and businesses has been impacted by the complete breakdown in the banking system as people are busy in exchanging currency than doing other activities. Unprecedented scenes never ever seen before and panic even among people who don’t have unaccounted wealth as the businesses cycle is not rotating at the moment as all tyres need to revolve if the vehicle has to move forward which is not happening. Malls and hotels are empty and so are retail stores which means it would have adverse affect on listed company results. But investors should consider this as a boon in disguise to churn their portfolios and buy quality stocks which too have fallen by discarding speculative shares which were almost at lifetime highs and now falling southward. ‘Buy when everybody sells and vice versa’ is the golden rule of the stock markets where sentiments change like fashion in Paris and people with money would make decent gains if they buy now and at every fall. Nothing to worry on the economy front which will become stronger with so much liquidity being pumped into the system which at one time was lying idle and this is good news for our country’s future!
S.N. Kabra
(The views expressed by the author in the article are his/her own.)
