The Indian Sensex was going down after the Adani Saga and that's why the sensex has gone down below 60K mark. But the last 2 weeks wee good in terms of increase, where the sensex has risen over 3 to 4 percent in last 2 weeks itself.
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The main reason for this rise is that the RBI has kept it's repo rate unchanged and that's why you will see that the market sentiments have become little better. The thing is if the repo rate would have increased, you might have seen that there would have been more withdrawal and moving the funds to the safe deposits.
Actually this repo rate unchanged will give the benefits to the banks and business because they were struggling because of the rising interest rate. One more indication can be taken is that, since the RBI has not increased the repo rate that means, the inflation might have peaked and now the good news will be coming like the inflation will be settling or might come down.
This also have a positive effect on the market, because the inflation has kept people's hand tight and most of the people were just making their ends meet. And when the situation improves more money can flow in the market.
For me as of now it is business as usual, I have been continously investing in the mutual fund every month. The direct stocks investment, I have refrained as of now because of the little uncertainties or volatility in the market. Also I have utilized my emergency fund, so I am trying to add more into it rather than in the market.
But to be honest, I feel this increase is temporary. When we see more numbers about the recession and other things, the market is bound to fall. I am actually waiting for that time, not actually timing the market, to buy some quality stocks.
