How dis Indian Share Market reacted during Kargil War and how it recovered after that
- Indian Army Surgical strike on Pakistan has sent the Share market in panic today
- I want to share with you how the Share market reacted during the Kargil War and how it quickly recovered.
- Below is the chart( Kargil was was fought between (May 1999 to July 1999)
- As you can see above it didnt have much reaction. So today's reaction is jsut some one pressing the panic button.
- India's growth stories continues to be good and we will keep growing.
- So investors do not worry much.
- Small cap and Midcap will be the worst hit when these kind of crash happens, but they will recover.
- After the War ended the Indian share market rallied 30 %
NIFTY PE is still high at 21.63 after recent market crash
- Recent crash has not give much attractive valuation for Nifty. Its still in 21.63 which is high.
- We feel more correction is left and Nifty will come around PE 18.
- We will see in coming days how this pans out. We wont see a drastic fall, but a slow erosion is what we expect.
