Sensex lost 1258 points today, which is 1.6%.
Tomorrow the news will be flashed that 261815 crore of Investors’ money is wiped out in a single day.
But, does it make any sense to worry? Is it the first time that we have seen such a drop?
No, I have been looking up at Sensex since January 2010. I have seen so many ups and downs that it all feels the same. For the new people who have just started out, it might look like a big drop. But, if you keep on investing for a long time, you will soon realize that it is just part of the process.
Also learn about; What is the Bombay Stock Exchange.
Sensex falls do not make any impact if you have done your homework well. If you’re making investments for say 10+ years, then there is nothing to worry about. And if you’re investing for daily benefits from the stock market and your living depends on it then definitely you should either have another hustle from where you could get money to feed your family or you must stop doing all these things.
Here are some more market drops which were once big news but now many people have forgotten about them because they make no sense.
Not far away, On 4th June 2024, Sensex closed 4,390 points lower which was over a 5.74% drop.
On March 23rd 2020, it lost over 13%.
And before that came so many fears, emergencies, terrorist attacks, bomb blasts, unemployment news, political uncertainties but the Sensex or Indian stock market is on a big mission of moving up.
I have total faith in the Indian economy and I am sure we will be crossing all the records in the years to come.
All the serious stock pickers who’re here for the long run will make a lot of money in the Indian stock market so stop focusing on short-term falls but focus on long-term mountain gains. Learn about investing, practice it and be in the market as long as you exist.
What do you think?Share your thoughts.