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Elite Nexus
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The Indian stock market has witnessed a steep decline, with the Sensex plummeting by more than 4,000 points, erasing over Rs 40 lakh crore in market capitalisation. This has left investors anxious, with many questioning whether this is merely a correction or the onset of a more significant downturn. What’s Happening? The Sensex lost 5% in February, its worst performance in recent months. The Nifty 50 recorded its longest losing streak, dropping for five straight months. Zerodha CEO Nithin Kamath noted a 30% drop in trading volume, indicating lower market participation. Foreign investors have been aggressively selling stocks, influenced by global uncertainties. The drop in trading activity is expected to impact the government’s revenue from STT. What’s Next? Some analysts believe this is the final phase of market capitulation, meaning a potential rebound could be on the horizon. Historically, such sharp corrections have often been followed by strong recoveries. What Do You Think? Here’s a quick poll to gather opinions! What is the best strategy during a stock market downturn?
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