Hyderabad, 7 April (IANS). The Indian stock market saw a huge decline on Monday. The Sensex declined by more than 3000 points, while the Nifty also dropped more than 900 points.
On this, Robin Arya, founder and CEO of Fintech Company Golfi (GOALFI) said, “Today was very difficult for the market. We are seeing that the IT index of Nifty has reached a minimum level of 52 weeks, and shares of major companies have fallen by 7 to 10 percent.” He said that the main reason for this decline is Trump’s tariff policy and fear of global trade war.
Robin Arya advised investors to remain calm and said, “Panic-lad cell-offs (nervous selling) always create long-term opportunities. This history has shown us. We believe that segments of domestic markets such as financial sector, NBFCs, private banks, FMCG and infrastructure sectors will do the fastest recreation in this entire crisis. The trends are less affected. “
He said that this time is not to take emotional decisions, but to maintain discipline. You should review your portfolio and focus on quality. Investors should consider investing for a long period and add their goals with investment.
Arya said, “India is moving in the right direction. Indian markets will continue to grow, and this decline will end in some time. In the next six-seven months we will all forget today. So there is no need to panic, and remain for long-term investment.”
Despite this decline, he hoped for stable growth of the Indian economy and advised investors to stay on their strategy and invest for the future.
-IANS
PSM/CBT
