As Sensex, Nifty see 3 straight months of fall, should investors be worried?
Live MintNifty ended February with a loss of 2% - its 3rd consecutive month of decline whereas Sensex closed the month with a per cent fall as weakness continued to persist on global as well as domestic stock markets led by worry over prolonged interest rate cycle, global uncertainty, consistent FIIs selling and central banks around the world being hawkish to tame rigid inflation. The only sensible investment strategy in this highly uncertain time is to slowly accumulate high quality stocks for the long-term, ignoring short-term volatility. Banks, capital goods and IT stocks can give good returns for the medium to long run," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. In the last 20 years, Indian stock markets have never been down for 4 months consecutively - Not even in 2008 or 2020 - so history is in your favour in March after three consecutive negative months of Dec, Jan, Feb, said well-known research analyst Sandip Sabharwal in a tweet on Tuesday.