Stock Market Crash: Reactions from Market Experts on Today's Sensex Plunge
Today, the stock market experienced a catastrophic crash, with all indices—be it benchmark, broader, or sectoral—plunging into a severe selloff. The Sensex tumbled 1.36%, closing at 76,330.01, and the Nifty dropped 1.47%, ending at 23,085.95. This brutal correction wasn’t confined to blue-chip stocks alone. Retail-favorite mid-cap and small-cap stocks faced even steeper declines, sinking by a staggering 4% each. The reason behind this market mayhem includes fears of fewer Federal Reserve rate cuts, a slowdown in corporate earnings, Foreign Portfolio Investor (FPI) selling, and a stronger US dollar—all factors that weighed heavily on investor sentiment.
Investor Wealth Gets Hit Hard
The impact of today’s crash was catastrophic, wiping off a massive ₹13 lakh crore from investor wealth, leaving many investors with lighter pockets and a grim outlook.
Experts Weigh In
In the aftermath of the bloodbath on Dalal Street, market experts took to social media to share their reactions. Among them were some of the most well-known figures in the Indian stock market, including Zerodha’s Nithin Kamath, investor Shankar Sharma, and Deepak Shenoy of Capitalmind.
Nithin Kamath's Reaction
Nithin Kamath, founder and CEO of Zerodha, didn’t hold back when expressing his thoughts on today’s selloff. In a post on social media platform X, he shared a grimacing face emoji alongside a screenshot showing how almost all sectors were in the red. This reflected the widespread damage caused by the crash. Kamath emphasized that this selloff was not just a one-off event but part of a steady decline, with most indices significantly down from their one-year highs. Kamath’s post mirrored the collective anxiety felt by investors across the nation.
Shankar Sharma’s Humorous Take
On the other hand, ace investor Shankar Sharma took a lighter, more humorous approach to the day’s market events. Following the Sensex’s 1000-point crash, Sharma tweeted, “Lost my shirt in the market today.” His tweet highlighted a crucial point—market corrections do not spare even seasoned investors. Sharma’s message underscores the importance of risk management and a long-term investment strategy, even for the most experienced market players.
Deepak Shenoy’s Optimistic View
In contrast to the immediate gloom, Deepak Shenoy, founder and CEO of Capitalmind, made an optimistic case for investors. “Markets are brutal sometimes, but strong down days are usually a good sign of capitulation. If you're in the investing phase of your life, such corrections will provide opportunities,” he said in a post on X. Shenoy’s viewpoint reflects the idea that for long-term investors, moments like these can present golden opportunities. The market’s downfall could allow investors to buy quality stocks at discounted prices, laying the groundwork for future gains.
Silver Lining Amidst the Chaos
Despite the carnage, Shenoy’s advice reminds investors that market corrections, while painful in the short term, often provide opportunities for those who are in the market for the long haul. For investors with a strategic mindset, today’s crash may be a chance to invest in undervalued stocks and strengthen their portfolios.
Conclusion
The stock market crash on January 13, 2025, has certainly shaken investor confidence, but it also offers a timely reminder about the volatility of the stock market. From Nithin Kamath’s grim acknowledgment to Shankar Sharma’s humorous take and Deepak Shenoy’s optimistic outlook, the reactions from these market experts provide a diverse perspective on the current situation. While the market may have suffered a significant blow today, it’s also a reminder that volatility is a part of investing, and long-term strategies are key to navigating these turbulent times.
Reference from:- https://www.livemint.com/market/stock-market-news/nithin-kamath-to-shankar-sharma-how-stock-market-mavens-reacted-to-todays-sensex-crash-11736767878525.html