Personally speaking, our economy is still looking strong with great fundamentals. Stock indices are just numbers which really donot reflect anything. I think that investors are just panicking owing to global downturns. But, sarcastically speaking, when the market was moving towards the 13000 mark, retail investors didnt know where and what to invest in? And now, when the market is closing towards the 10000 mark, still they donot have a clue. My advice for such investors would be to be in the market for long-term and panic. If you lack technical and fundamental skills and buy/hold/sell shares as per word-of-mouth, go for equity diversified schemes with SIP as an option. When our Indian markets display such huge swings from 12000 odd to 10000 odd in matter of few days, the rupee-averaging method plays a key role in providing high returns and sort-of reduces the risk if not eliminating. Last but not the list, be confident of our growing economy as our FIIs. If they have sold their holdings worth crores, they have also gone long for the stock futures clearly reflecting they wanna be a part of this booming economy. And so should you my fellow Indians... So be confident and invest smart.
