Chaos in the stock market! Ramdev Agrawal expressed concern!
The indian stock market is in recession. The selling pressure is also increasing from all sides. NSE's Nifty has also gone down 16 percent from its all-time high. Motilal oswal Financial services Chairman and stock market veteran Ramdev Agrawal expressed concern over this huge fall in the market and said that further fall will cause the market to go down rapidly.
This is also a big challenge for the market
In an interview to CNBC-TV18, he said, "Every correction has a new story and this is the beauty of the market. Right now we are correcting because the earning profile has slowed down, but it has not broken. The market regulator has shown strictness on every aspect. elections also took place, there was delay in government expenditure and other works, but this phase has passed.'' During this, he also mentioned the Nifty PE ratio falling below 20, which is also below its 10-year average. Along with this, he warned about another challenge of the market, that is the difference between large, mid and small caps.
Imbalance between large-mid and small caps
In the last five years, Nifty had increased by about 95-96 percent, while mid-cap stocks saw a tremendous jump of up to 177-180 percent. Ramdev Agarwal further said, ''Right now the difference between them is very high. A difference of about 100-110 percent is understandable. This difference points to the imbalance between them. To reduce this difference, investment in large and mid caps will have to be increased. Along with this, the difference between mid and small cap also seems very big.''
Today's share market situation
On Monday, the indian stock market opened with a green mark. Investors were happy thinking that the Sensex is improving, but half an hour later the market again saw a decline. As soon as the market opened on Monday, the Sensex saw a rise of more than 400 points, while the Nifty also jumped more than 100 points, but both fell after half an hour.
