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Investment Conundrums Amidst A Crisis

Investment Conundrums Amidst A Crisis



Pravin Bhalerao
Founder and Managing Partner Pranitya Wealth Advisors

The corona virus pandemic hit India in late March 2020, especially at a time when some green shoots were starting to become visible through the first two months of the year. Economic activity had started picking up on the back of single-digit earnings’ growth seen over the past six years. No one got adequate time to assimilate and comprehend the situation.

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Sensex, Nifty marginally down; Ashok Leyland zooms by more than 14 per cent, Bharat Forge gains 15.7 per cent

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The Sensex opened in green and stayed like that for the first couple of hours after which it slipped owing to profit booking. It closed at 38310 levels, down by 59 points or 0.15 per cent whereas Nifty closed at the important support level of 11300 levels, down by eight points or 0.07 per cent.