If the decline in stock markets has made you sleepy, then you need to listen carefully to Madhusudan Banana. Banana is a market expert. He has several decades of experience of stock investment. He has said that this decline is temporary. Investors should use this opportunity of decline for shopping. He said that investors should buy stocks whose prices have declined more. On August 28, the market declined for the third consecutive day.
Trump’s tariff has weakened the market’s sentiment
The Indian market’s sentiments were already weak. US President Donald Trump (Donald Trump) 50 percent of the tariff weakened the sentiment. 25 % additional tariffs (25 Percent Additional Tariff) It has come into effect from 27 October. Its effect is visible on the stock markets. In a conversation with CNBC Awaaz, Banana said that the relationship between America and India is quite old. This relationship is not going to deteriorate soon due to differences on some issues. He said that there will be a trade agreement in India and America finally. This is just a matter of time, after which this uncertainty will end.
Government ready to deal with the situation with big reforms
He said that the government has made it clear that it is using this time for big reforms. Rules are being made easier. The focus on Ease of Doing Business is being increased. He said that Prime Minister Narendra Modi has faced many challenges before this. He has taken over the situation in a decisive manner. He said that I do not think we need to worry more. Explaining the reason for this, he said that about 50 percent of the export to the US is outside the purview of 50 percent tariff.
Many items will not affect much tariff
Banana said that America would not have an impact in tariffs on most generic medicines to be exported. Even if the tariff of Trump will affect, India’s population is so high and demand in the economy is so strong that it will not cause much damage. This entire issue is being made a palm of sesame. He said that as long as the market is getting domestic investment support, there is no possibility of much weakness in the market. Some sector indices may affect. However, there is no such stock in the Nifty 50.
Investors will remember this opportunity of investment after 4-5 months
He said that after 4-5 months, when the investors look back, they would feel that it was a big opportunity to invest in shares. He said that this decline of a short time after a big rapid rise should not be the reason for concern. On August 28, the market also declined a major decline. The Sensex fell 700 points to 80,080. The Sensex has fallen by 1500 points in just two sessions. The same condition of Nifty is the same. This decline has worried retail investors.