00:00Hi, this is Bhavna and you're watching GoodReturns.
00:09Today is Monday, Black Monday for the share market.
00:13We have seen how the market has crashed since morning.
00:16If we talk about the opening of Sensex, then with a decline of about 3000 points,
00:21the opening of Sensex has been at a level of 71,449.
00:27If we talk about yesterday's closing, then it closed at 75,364.69 points.
00:34And today we have seen a very big downfall here.
00:38If we talk about Nifty, then yesterday's closing was at 22,904.
00:44And today's opening is at 21,758.
00:47That is, we have seen a very big market crash here on Monday.
00:54And in such a situation, is this downfall, is this crash in the market, is this trend going to continue?
01:01What should investors do in such a situation?
01:03That is the biggest question.
01:05What impact is it going to have on gold?
01:08Because once we were seeing that the price of gold was high, but now we are seeing a decline in it.
01:13So we will know all these questions.
01:15Mr. Amit Goyal, who is the co-founder of Pace360, has joined us.
01:20Who will answer all these questions.
01:22Mr. Amit, welcome to Good Returns.
01:24First of all, I would like to understand from you that the crash we have seen in the market today,
01:29what is the reason behind it?
01:31Why has the market crashed so badly today?
01:34Look, the Indian market has crashed a lot today.
01:39And not just India, but all the markets in the world have crashed today.
01:45And the reason for this is the tariff wars that are going on in the world.
01:50So Donald Trump announced very big tariffs on the whole world on April 2, Wednesday.
01:59And after that, China retaliated on those tariffs on Friday.
02:05And they imposed a 34% tariff on US imports.
02:12So because of that, we saw a very big crash in the whole world on Friday.
02:18And then there was a very big crash on Monday.
02:22So this has been going on in continuation for the past 2-3 days.
02:26And this is the only reason for the markets to fall.
02:32Otherwise, if you look at the tariff wars, when these new tariff wars started on April 2,
02:37before that, the world markets were doing quite well.
02:41And we also saw a recovery in the Indian market at the end of March.
02:45But due to the events of the past 2-3 days, the entire recovery has been negated.
02:53And in fact, the Indian market has established a new low of almost a year today.
03:01Amit ji, today the market has crashed, as we have seen.
03:05You have also told the reason.
03:07But what's next?
03:09Will this trend continue?
03:14How long are you seeing a recovery?
03:16How many weeks can there be a recovery?
03:18Is this the whole month of April?
03:20Because the way it was the month of March, it proved to be a recovery month in front of us.
03:25And now what trend can there be in April?
03:28I believe that the markets are starting to look for their bottom.
03:37And I think that between today and tomorrow, the markets will find their bottom somewhere.
03:45Because we have fallen very fast, if I talk about the entire world.
03:50So, from Thursday, Friday and today, all the world markets have fallen at a very high speed.
03:57So, the faster you travel, the faster your fuel burns.
04:04So, the fuel of the downside journey in the market is slowly burning out.
04:11I think that today or tomorrow, the world markets will find their bottom.
04:17And after that, there should be a recovery.
04:20Because it is not that the whole world will stop moving,
04:28or all the economies will come under recession and the world will come to a screeching halt.
04:36There is nothing like that.
04:38And some countries have already come to the negotiation table with the US.
04:43India is willing to negotiate.
04:46Vietnam is.
04:48Cambodia is.
04:50And apart from that, Indonesia has also spoken.
04:52Argentina has also spoken.
04:54So, I think that after the bottom is reached, there will be a rally in the markets.
04:58And somewhere, by the first half of May, I think there should be a rally again in the world's equity markets.
05:09Mom, investors are a little scared in such a situation.
05:13Because the way the market started this year, it was with a fall.
05:18We have been seeing since October how the market has been falling.
05:22But after that, when the month of March came, the investors had a little hope.
05:27But now that there has been such a big crash on April 7th, Monday,
05:32after that the investors themselves have gone.
05:34So what advice would you like to give them?
05:36What strategy should investors adopt?
05:38Can this be an opportunity for them to buy?
05:41Or should they sell now?
05:43What should they do?
05:45So I believe that investors should not panic here.
05:50They do not have to sell in their portfolio here.
05:54Because the prices are very low.
05:56If you sell here, then you will be effectively selling at 52 week lows.
06:03If you want to sell, then wait for the market to normalize a little.
06:11And I think in the next 4 to 5 weeks, there will be a normalization in the market.
06:16And we will get a far better opportunity to sell the market at better levels.
06:23And I think if I talk about Nifty, then we are taking a target of Rs. 23,000 for Nifty by May end.
06:31So if you can do it here, then you should buy a little more here.
06:38And what you have to do to buy, you have to buy slowly for the next 6 to 7 days.
06:45You don't have to do it all at once.
06:47Do a little today and do a little bit by next Tuesday.
06:52Whatever you want to buy, do it and sit down.
06:58And then in May, I think when we get a rally, you book your profits and sell there.
07:09So in a way, after the next 4 to 5 weeks, you can see a little recovery.
07:15And in the same way, you can see in Ashram Adi that there is a market after 4 to 5 weeks, there can be a little recovery.
07:20And the ending of April can be better.
07:25Sir, now another asset of ours, which we call safe heaven asset is gold.
07:31We were seeing that gold had given a return of 20% this year.
07:35But now, if we talk about April 4, then we saw a fall of Rs. 1600 in gold.
07:45And now there is a fall in it.
07:48So what will be the impact of gold?
07:50With what speed do you think gold will be trading in the future?
07:56I believe that gold has fallen in the last few days.
08:03And everyone knows that the rate was 3169 dollars per ounce on Wednesday.
08:10And now gold is running at almost 3000 dollars.
08:17I believe that gold is also looking for a bottom somewhere.
08:21And today and tomorrow, gold will also have a bottom.
08:24But I will not advise you to buy gold, because gold is still very elevated.
08:30So I will advise you to keep an eye on the prices, but don't do anything now.
08:37In fact, if there is a rally in gold in the next 3 to 5 weeks, then you have to sell gold too.
08:43You don't have to buy gold now.
08:45You have to buy equities in the next few days.
08:48You have to buy it slowly at the bottom.
08:52And gold will come in a range.
08:56If I talk about MCX, then it is at the bottom end of the range of Rs. 87,000.
09:05And I think if it increases, then it will go from Rs. 90,000 to Rs. 91,000.
09:11Amit Ji, thank you very much.
09:13As we had talked before, when the month of April was starting, we had ended March with a positive comment.
09:23And in this way, we are hoping that the ending of April will also be on a positive note.
09:30And the biggest thing is that whoever invests in our share market, invests their money in the share market.
09:38They should always be patient.
09:41This is a very important thing that you should always be patient.
09:45Whenever there is a fall in the market, you do not have to worry.
09:49And whenever there is a lot of momentum, you do not have to be very happy to take decisions.
09:54The work of the market is done patiently.
09:56You have to be a little patient.
09:58Do not be afraid of today's fall.
10:01And take your decisions very carefully.
10:03If you take care of the strategies that have been told to you, then we hope that you will not have to face loss.
10:11So that's all for today's episode.
10:13How did you like this conversation?
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