Market experts applaud Zee Business #BandKaroBazaar campaign; recommend closure to save lives, money
The impact of Coronavirus pandemic has had a massive impact on global stock markets including India. Right from traders to investors, everybody has been adversely impacted. With things deteriorating fast, Zee Business has launched a campaign #BandKaroBazaar advocating temporary closure of stock markets through its #BandKaroBazaar campaign
The impact of Coronavirus pandemic has had a massive impact on global stock markets including India. Right from traders to investors, everybody has been adversely impacted. With things deteriorating fast, Zee Business has launched a campaign #BandKaroBazaar advocating temporary closure of stock markets through its #BandKaroBazaar campaign. It has been received very well by industry experts. Several stock market experts including Basant Maheshwari, Ajay Bagga, VK Sharma, Sanjiv Bhasin have supported the campaign demanding a temporary shutdown of the markets to save investors.
See report on #BandKaroBazaar campaign
— Zee Business (@ZeeBusiness) March 19, 2020
The continuous fall in Indian equities has left the investors confused and panic stricken. The markets allover the world are facing a similar situation. American markets have continuously been trading at the lower circuit, while the European markets too have seen a significant fall. traders have been working relentlessly putting their lives at stake.
In the light of theses developments Zee Business is urging the market regulator to save lives as well as money. You can join the campaign by participating in our poll #BandKaroBazaar.
What do the experts say?
Ajay Bagga says that it would be wise to shut down the markets considering the current situation. There is nothing for the middle class in the market as of now. Whatever decision the government will take should be in the interest of the economy. The economy may benefit from the markets but in order to start consumption people need to have money in their pockets.
This medical emergency is now turning out to be an economic emergency.
Bagga also praised Anil Singhvi's campaign. He added that the campaign #NahiLenaHai is a price winning campaign which has been launched to save investors'money. Bagga further said that another campaign #NahiFasnaHai is also a praiseworthy initiative.
VK Sharma of HDFC Securities has also come out in favour of the #BandKaroBazaar campaign. He advised investors to invest in index instruments instead of shares. Invest in Nifty when the markets fall, eh added. Buy at every level. Invest in small amounts. Don't look at the markets now as the benefits would be seen in six months from now, he concluded.
See Zee Business Live TV Streaming Below:
BM Wealth Adviser LLP's Basant Maheshwari also gave his thumbs up to the campaign #BandKaroBazaar. He advised investors to remain invested in market as the times are difficult, but they will pass, he said. He recommends shutting down of markets for 2 weeks.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.