The bloodbath can be well a buying opportunity

The bloodbath of Friday morning in Dalal Street following an advanced round of counting of votes in reference to BREXIT may not continue for a long as the decision of Britain to quit European Union would not affect the macroeconomic strength of India. While stocks of various IT entities opened in deep red on Friday and Tata Motors faced worst opening at over 10 per cent lower than its previous closing, US Dollar shown strength. This may, however, affect the prices of commodities, warn experts. According to BBC, till IST 0945 hours, just over 52 per cent voted in favour of LEAVE while 48 per cent of the citizens in Great Britain opined towards STAY back with European Union.

Experts in Indian capital markets movements and also analysts believe this is the time to buy stocks sector-specific. The deep cut in the market on Friday may not linger for long and by end of the month, things may look only better from here. So it is a buy call, say experts associated with Indian markets. Meanwhile, Minister of State for Finance, Jayant Sinha told mediapersons in the national capital that the government has made contingency plan and also he believes BREXIT outcome may not India as much being talked about and speculated.

The market analysts believe after certain further downfall from here (Sensex reported to be at 26139 at the time of writing this post and Nifty was ably holding on to 8000 mark), the Indian markets will bounce back. Something which may excite individual investors to buy precious stocks at an interesting lower level.

By 11.30 IST, results of the poll will be clear and markets may go down little more from here and so keep watching the sectors affected closely and you may land up buying expensive ones at a cheaper price.