Stock Markets Plunge

The market's confidence has been shaken as persistently elevated levels of commodity prices, and disrupted supply chains continue to be a double whammy for the economy and companies alike.

Stocks slumped on the mainland and in Hong Kong, with the benchmark CSI 300 Index and the Hang Seng Index both tumbling more than 3 per cent

Given the attractive valuations, we would recommend investors should capitalise on the same.

As regards coronavirus, it is very difficult to give a timeline as when things will recover.

In the first eight months of 2019, 70 per cent stocks in the BSE 500 universe were down. Stocks in the BSE 500 universe account for 94 per cent of India's total market capitalisation

The Sensex tumbled 770 points to end at 36,563, while the Nifty closed at 10,798, down 2 per cent, or 225.35 points

The Bombay Stock Exchange (BSE) Sensex has lost 1,367.99 points, or 3.48 per cent, in five sessions. On Wednesday, it dropped 135.09 points to close at 37,847.65

The rout came after U.S. stocks plunged in highly volatile trading on Monday, with the Dow industrials falling nearly 1,600 points during the session, its biggest intraday decline in history