Anil Singhvis strategy on Black Friday: Market Guru sees opportunity to buy, says one can put 25% money in this fall

The Indian markets witnessed the biggest fall in the recent times. The fall was largely triggered by weaker global cues, especially from the Asian markets, and new Covid variant detected in South Africa. Amid fears, the S&P BSE Sensex tanked 1,687.94 points or 2.87 per cent to close at 57,107.15, while the Nifty 50 declined 509.80 points or 2.91 per cent to settle at 17,026.45 on Friday.  

Realty, metal, PSU banks, media and auto shares dragged the markets the most on Friday. On the indices front, Nifty Realty tanked 6.26%, dragged by the Phoenix Mills, DLF and Sunteck Realty shares. National Aluminium Company, JSW Steel and Hindalco forced the Nifty Metal index to close with a loss of 5.34 per cent on the last trading of the week.  

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IndusInd Bank, Maruti Suzuki India, Tata Steel, NTPC, Bajaj Finance, Housing Development Finance Corporation (HDFC), Titan Company dragged the 30-share Sensex

The only silverlining in otherwise a bearish market was Pharma shares as Cipla, Dr Reddy and Divis Lab gained between 3 and 7 per cent in Friday's closing.  

As the bears took over the Dalal Street, investors resorted to panic selling pushing the indices to record low on 'Black Friday'.  
'Can't predict a perfect bottom or top'

Dissuading the fears of investors, Zee Business Managing Editor Anil Singhvi said investors should not panic after Friday's crash and us this time as an opportunity to buy.  

Singhvi said the market has corrected nearly 8 per cent from its high and it is good time to strengthen one's portfolio as one cannot predict a perfect bottom or high.  

"As an investor, you cannot enter at perfect top or bottom, but as the market has seen a healthy correction now one can put some money. One should put 25% of the amount in the present market situation. There will be an action or reaction as long as Covid prevails, but it would not push the markets towards the bottom. The market has already corrected around 7 to 8 percent and it can see another one or one-and-half per cent correction from here," said the Market Guru.  

(Disclaimer: The views/suggestions/advices expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)