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Is It 2008 All Over Again in the Stock Markets?
Mar 11, 2020

It was certainly a black Monday for the Indian stock market. In absolute terms, Sensex saw its biggest single day fall on 9 March 2020.

In fact, this year has seen two of the biggest single day falls in the Indian stock market history. The only time we had seen such a fall was in 2008. Back then, the BSE Sensex had fallen by more than 50% in a year.

Will we see something similar in 2020?

Trying to predict the direction in such cases is a futile exercise.

As I always say, retail investors would do well to focus on the fundamentals of individual stocks. In fact, such uncertain times gives the best opportunity to look at quality stocks.

Always remember, what has changed is the price of the business but not the value.

Data Source: BSE India

This Chart Of The Day was published in The 5 Minute WrapUp - Stocks to Buy and Avoid in this Market Correction

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