Today Sensex has seen the worst start of this calendar year

Today Sensex has seen the worst start of this calendar year

Today Sensex has seen the worst start of this calendar year

Today Sensex has seen the worst start of this calendar year: Stock

Today Sensex has seen the worst start of this calendar year since 2016. The main reason is the slowdown of the economy, the outbreak of the coronavirus in China, corporate earnings and disappointment from the Budget cause the sentiments of the market.

Till February 6, the first 30 sessions of the year, Today Sensex has seen the worst start, Sensex was just 0.12% in 2020, which was the second-worst compared to the last five years.

The Nifty was almost down to 0.25% in the same period, which creates the worst opening of the year in the last five years.

The situations were comparatively good in 2019, during which Sensex gained 14.38% and Nifty 12.07%

The Experts from D-Street suggested that the investors need to have lower expectations from the market, as returns will not be the same for all the time.

Mr. Shankar Sharma said, ” The expectations from the market need to be low because When one has the habit of entering the equity market with assumption to make 15-20% but, In reality, you have made anywhere close to that in the last five years, 7% is what your compounded return from Nifty over the last five to six years”.

Return till February 6
Year Nifty (%) Sensex (%)
2020 -0.25 0.13
2019 1.84 2.51
2018 -0.31 0.41
2017 7.52 6.81
2016 -5.75 -5.75

Bharti Airtel has been the gainer in 2020 till now, jumping 20% after the company raised funds to pay its massive statutory dues. Beside over its rival Vodafone Idea’s sustainability has also helped the stock as it stands as a major beneficiary if the Voda Idea collapses.

“Coronavirus is a source of worry and volatility. Given that the country had past experiences of dealing with SARS, ” said S Naren, ED & CIO of ICICI Prudential AMC.

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