Scary news: Indian market may fall 10 percent more, said the veteran investor

Scary news: Indian market may fall 10 percent more, said the veteran investor

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New Delhi. The Indian stock market made its record high in October 2021. Since then, there has been a decline of about 7 percent till now. In this fall, small investors are getting scared in the same way, a veteran investor has said such a thing from above, which can scare small investors further. Mark Mobius, a world-renowned investor for investing in emerging markets, has said that the Indian stock market may fall further by 10 percent from here.

Mark Mobius said in an interview to CNBC-TV18 on Tuesday, “We may see another 10 per cent fall in the stock market, but we are still in a bull market for a long period of time.”

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Mark Mobius, founder of Mobius Capital Partners, while mentioning the good growth prospects in the Indian market, said that he has so far maintained his investment in the Indian market.

Who is doing the heavy selling?

Mobis said that according to him, the heavy selling by foreign investors is based on exchange-traded funds (ETFs) that track stocks in emerging markets. Foreign investors have made a net sale of Rs 1 lakh crore from the Indian stock markets in the last four and a half months.

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What are the reasons for selling

Globally also investors are withdrawing money from the stock markets of emerging countries. The reason behind this is being told the fear of increasing interest rates by the US Federal Reserve Bank. Inflation in America has reached the highest level of the last several decades, to control which the US Federal Reserve is expected to raise interest rates four or five times this year.

Mobius cited the continuing tensions in Eastern Europe between Russia and Ukraine as another cause for concern with the US Fed raising interest rates. He said, “Many types of concerns are increasing in the market. In my opinion, investors should stick with companies with good earning potential at this point of time.”

Tags: BSE Sensex, Share market, stock market

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