New entrants to the stock markets should not venture into investing in global markets though it is within easy reach nowadays.
Sensex settled 354 points or 0.68% lower at 52,198 while the Nifty 50 declined 120 points or 0.76% at 15,632
The selloff in the broader market was much deeper compared to benchmarks. The BSE MidCap index slipped 1.28% & the BSE SmallCap index lost 1.44%.
"We were expecting markets correct one Nifty crosses 16,000 but the weakness across the globe is causing that earlier"
Sectoral indices opened mix as Nifty FMCG index was up 0.19%. On the other hand, Nifty Bank declined 0.87%, Nifty Metal index lost 0.72%.
Here's a glimpse of Money9’s video line-up for July 20. Get latest updates in the Personal Finance space and what's buzzing in Dalal Street
Wall Street stocks tumbled on July 19, with Dow Jones losing more than 850 points
Barring Nifty Realty (up 0.43%) and Nifty Pharma (up 0.24%) all other sectoral indices ended with losses.
The valuations on an absolute, as well as a relative basis, are high and investors should consider booking profits at such high valuations
Tracking Asian peers, slipped 454 points or 0.86% to 52,685, while the Nifty 50 was at 15,775 plummeting 132 points or 0.83%.