NEW DELHI: The week gone by freshened up memories of 2008 financial crisis as global stock markets plummeted following the spread of coronavirus to more than 50 countries. As the world grappled with the economic implications of the crisis, investors were busy fleeing towards safe haven assets such as bonds and gold. BSE benchmark Sensex nosedived 1,448 points alone on Friday to log its second-worst pointwise decline in history. No sector was left unscathed.ETMarkets.com did a roundup of what the top market minds made of this move and what they predict going ahead. On a lighter note, chairman of Mahindra Group Anand Mahindra proposed a new term for the coronavirus panic-induced market crash: ‘Panicdemic’.Time to coin a new phrase. When markets panic over a pandemic is it a ‘panicdemic?’— anand mahindra (@anandmahindra) 1582869920000 Independent market expert Sandip Sabharwal seems to find opportunity amid this crisis. The expert would like to buy this market fall, yet he is unsure it has reached the bottom yet.As a BULL I have a strong urge to Buy now after such a severe sell off Controlling those urges as the worst might… https://t.co/hxDGVnXyBk— sandip sabharwal (@sandipsabharwal) 1582861969000 Sabharwal in another tweet said India unlike other times is better placed to face the crash and is no longer part of the “fragile” club. He finds India’s forex reserve, strong FDI inflows and low inflationary pressures as a cushion against market selloff.The good part for #India this time Vs previous market selloffs is that - Our external position is strong with reco… https://t.co/pikfe8Alzz— sandip sabharwal (@sandipsabharwal) 1582620620000 In another tweet, he said the fall could play out over the next 2-3 weeks, but could be well over before the summer comes and the possibility of coronavirus spreading recedes. People try to find a bottom after just ONE day of a Nasty #StockMarket selloff Not so fast The time will come soon… https://t.co/g9p6w42ayY— sandip sabharwal (@sandipsabharwal) 1582549364000 #Coronavirus outbreak is a Non Linear event. As such predicting its effect in terms of duration and extent on the… https://t.co/Tms38dZdEt— sandip sabharwal (@sandipsabharwal) 1582809518000 Value investor Jiten Parmar advised investors to not invest in companies that are likely to benefit from the spread of coronavirus in the short term, instead he advised them to focus on sectors with long term tailwinds.Do not make investment decisions based on short term benefits to certain companies/sectors due to CoVid 19. That ma… https://t.co/I5toyUOZus— Jiten Parmar (@jitenkparmar) 1582885481000 Safir Anand, who like Parmar is a value investor, made a case for India trying to capitalise on this opportunity to lure global giants to set up shop here. India should be using this opportunity to reach out to global giants to derisk from over dependence on china for ma… https://t.co/XxYk4yWocP— Safir (@safiranand) 1582831559000 Market veteran Shankar Sharma compared Dow and Nifty’s movement correlation and wondered why don’t Indian markets go equally higher as the US’, but come down with the same momentum.I am very upset with the behavior of the Indian stock market. Jab saare Global markets chaley in last 1-2 years, to… https://t.co/WasMQH3OlF— Shankar Sharma (@1shankarsharma) 1582869431000 Chief Economic Adviser at Allianz, Mohamed A El-Erian pointed out that contracting China PMI due to the spreading coronavirus is further adding on to the pain points caused by the trade war. Shock number out of #China. The February #PMI for manufacturing came in at just 35.7(the consensus estimate was 45.… https://t.co/WHXS0YP139— Mohamed A. El-Erian (@elerianm) 1582938596000 El-Erian doesn’t see the central bankers’ action as a possible respite for tackling the issue. Here’s why.In FINANCIAL sudden stops, #CentralBanks can resolve market failures and help restore economic activity #ECONOMIC s… https://t.co/GEb8nb8gqj— Mohamed A. El-Erian (@elerianm) 1582897846000 Back home, Sabharwal echoed the same view. Unfortunately #coronavirus led slowdown is not an event that Monetary Policy can address. It's both a Supply and De… https://t.co/mzWGaYjEvV— sandip sabharwal (@sandipsabharwal) 1582637565000 Investment tipsDespite all the gloom that engulfed markets here are some investment tips that experts have for Dalal Street investors. Sandip Sabharwal says pharma stocks could soon make a bottom and China supply disruption-led selloff could be the final nail in the coffin. After a long time we could actually be in a phase where many large Pharma Stocks could make a bottom. China Supply… https://t.co/kUL4FI4dnj— sandip sabharwal (@sandipsabharwal) 1582618023000 iThought co-founder Shyam Sekhar advises not tying money with sentiment but with goals."If you want a happy #investing life, tie your #Money decisions to goals. Not to sentiment and volatility. Returns… https://t.co/NXXen5uYGk— Shyam Sekhar (@shyamsek) 1582944379000 Sekhar also finds value in microcap stocks and says that during an economic rebound, it makes sense to have those in your portfolio.My sense is that #microcaps are definitely looking interesting. When the economy regains growth, it makes sense to… https://t.co/baveHjzZpm— Shyam Sekhar (@shyamsek) 1582892715000
from Economic Times https://ift.tt/389cNY8
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