Yeah, really bad for the economy overall. I wonder if shareholders will give approval for investments into capex and fixed assets after such a value erosion, not just in India but globally.
after 2008 bloodbath , retail investors came back only last year around 8500/9000, after modi rally and all TV experts said BUY BUY , mother of all bull markets sensex 1 lakh etc etc, retail trapped again :rofl:
Retail is still not loosing hope, today a registratr of MF (CAMS) was saying there is a lot of work at his end. Lot of retails public is investing today. I believe it will not end soon. Till the time retail start to move away from the market till that time no bottom will be formed. Its the same everytime, its always the retail who ends at the whipping child. Time time too retail is and will loose money, smart money is already out. Retail moved in at the top and it is still not relenting, pata nahi kyaa hoga....
ST da any view...Long term investors are taking on chin...