Impact of Corona virus on Indian Share Market

Stock Market Crashed

Due to Corona virus / Covid-19 Both Indian stock market both Nse & Bse have crash down. On Friday 13th march 2020 both market Nse & Bse hit the lower circuit and market was closed for trading for one hour.

A1 Intraday tips technical team has given information regarding the Corona Virus and How it will Affect Indian Share market as well as our India Economy as a whole.

Many long term & short term Investor suffered a lot due to this sudden bearish trend, who lost their hard earned capital for no reason.

Indian markets as well as all Global market have corrected a lot, which include like S&P 500, Dow Jones, Nasdaq, Nikkei, Dax. Majority of the Market have hit the Lower Circuit.

Corona virus has also affected commodity market like Gold, Silver etc. Gold prices skyrocketed at 45570 on 6th March 20 and now in a down trend trading around at 42,320 levels on 17th March 20. Crude prices have been dropped to 31$ now.

Medicine / Vaccine

Vaccines and treatment options for COVID-19 are currently being investigated around the world. There’s some evidence that certain medications may have the potential to be effective with regard to preventing illness or treating the symptoms of COVID-19.

University of Queensland Center for Clinical Research director David Paterson said the two drugs, which were used in test tubes, stopped corona virus in its tracks and a clinical trial on humans was ready to begin One of the two medications is an HIV drug, and the other is an anti-malaria drug called chloroquine, the researchers said.

Lopinavir and ritonavir are sold under the name Kaletra and are designed to treat HIV. In South Korea, a 54-year-old man was given a combination of these two drugs and had a significant reductionTrusted Source in his levels of the coronavirus.

Indian Govt Response to Covid 19.

The Indian government Under Shri Narendra Modi's Strong Leadership has taken stringent action to prevent & spread this virus. They stop the Visa for Foreign Nationals till April 15, 2020. Now They have also Shut down the all theaters, schools, colleges, Malls, Mandirs, Masjid & Churches to Stop multiple spread of Virus.

Finance Minister Nirmala Sitharaman on Thursday announced a Rs. 1.70 lakh crore package which is likely to benefit 80 crore people. The Govt has immediately responded, within 36 hours of the lockdown, providing support first to the poorest of the poor. Even RBI has also responded with a 3-month moratorium on EMIs, cuts repo rate by 75 basis points and lot of other measures to help indian citizens.

Do & Don't for Investors / Day Traders.

Our Technical team has all the answers to What a Investor /trader should do in this bearish market which is Due to impact of Corona Virus. A1intraday tips expect that this bearish trend will not remain for longer time like 2008 & 2004. This time Market has fall down so speedily and this has never happen till now. We expect Market to Consolidate in some days. Long term Investor buy blue chip share from Nifty 50. We expect this the best opportunity to invest in this panic Market. Might be this type of opportunity investor will not find again.

Do & Don't for All.

• Cover your nose and mouth with disposable tissue or hand.
• Frequently wash your hands with soap and water.
• Avoid crowded places. Avoid public transport as far as possible. Even Ola and Uber may be used when absolutely unavoidable.
• Wash all milk bags, fruits and vegetables once we bring them home.
• Do not rush to a government hospital that is testing for coronavirus. Hospitals might have a long waiting period and also have a high chance of you catching the virus while waiting at hospital.
• Do not follow treatment suggestions on WhatsApp or any social media.
• If you are an elderly person or you have diabetes or a heart disease or are generally not healthy advised to get checked via your family doctor
• Always remember that the corona virus is extremely infectious. You can pass on to 100's of people who could be your blood relatives, friends or neighbors.

Global crisis like Corona Virus / Covid 19 usually provides a good opportunity to invest in mutual funds. We believe with recent market correction due to concerns around COVID-19 spread, market has stepped into an oversold zone. This provides best opportunity to invest in mutual funds particulary the equity ones with a time duration of one year to three years.