The current status of the stock market remains challenging for investors. The selling pressure is being seen in the market after any small speed. Investors have suffered heavy losses in the last six months. NSE was at the level of 26,277 on 26 September 2024, which fell to 22,397 on Thursday. That is, the Nifty has declined by 3,880 points (14.75%) during this period.
Similarly, on 26 September 2024, the Sensex was at 85,978, which has so far down by 12,150 points (14.15%). Bank Nifty has also seen a decline of 6,407 points from Lifetime High, while the small-cap index has declined by up to 24%.
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What are experts saying?
Experts, who monitor the stock market, believe that the domestic market has managed to handle itself despite heavy pressure. He says that due to the current decline, many of the best companies are getting cheap, which can be a good opportunity for investors.
The Seema of CMC Global Securities says Srivastava,
“The domestic market is struggling due to global conditions. However, despite external pressures, the stock market has been successful in keeping itself stable. There is a possibility of further boom in the market, but investors should also keep an eye on global economic conditions. ”
Advice to invest in these 10 stocks
According to Seema Srivastava, investors should focus on companies whose fundamentals are strong. He told these 10 companies a better option for investment:
- Lemon Tree Hotels Limited
- JSW Steel
- Bank of baroda
- UBL Limited (United Breweries Limited)
- Sjvn Limited
- Axis Bank Limited
- Sapphire Foods India Limited
- Bharat Electronics Limited (BEL)
- Reliance Industries Limited (RIL)
- KeC International Limited
He also said that after a recent decline, Reliance Industries and KEC Internationals are available at attractive valuations, which can be beneficial for long-term.
