Hey All,
The Indian stock market has been crashing for the last couple of trading sessions. Even yesterday's trading session was not spared, as we witnessed heavy selling pressure, with the SENSEX falling by over 900 points and the NIFTY also declining by 350 points. I have a decent investment in the stock market and here is how my portfolio looks like when compared to various sectors that I have invested IN. Overall my portfolio is down 20% but that is not the point of this post, the thing is that I am still buying stocks where I am having a loss and I keep buying in small chunks i.e. dollar cost averaging.
My Portfolio - Booked profit for Union Bank & Buying Quality Stocks
Yesterday, I sold close to 600 shares of Union Bank as it was giving me a profit of around ₹5,000+. Yes, it’s not a huge amount, but considering how the financial market is behaving, it’s always good to book profits wherever you get the opportunity. Have a look at the following snapshot taken from my broker app Sharekhan and you can see Union Bank Sold and other stocks like
- NLC India
- JWL [Jindal Wagon Limited]
- Motherson
- Infosys
- IDFCFIRST And many other stocks were bought.. Keep an eye on the quantity its not too much as I stated above I am buying in small chunks not investing in one go.
The good news is that as soon as I sold Union Bank it came down another Rs.10 from my selling price and if I were to buy those 600 stocks I was making another Rs.6K profit but I didn't prefer to buy as the market is on the falling trend. So what is the plan NeXt? Well I am going to leverage the money that I got from selling Union Bank Stock and will ensure that I invest only in BLUE chip companies and that too who has taken a good beating. Also at the same time I did like to average out some of the stocks that I #hodl and add some new stocks to my portfolio which I have been tracking for a long time now and I guess this is the right opportunity and one them being the IT stock which is INFYSOS... I guess this should be it for todays post on - "Stock Market Crash - My Portfolio - Booked profit for UnionBank & Buying Quality Stocks..."Lets see how this pans out in near future and until then its buying at very sharp decline from here on. Happy Investing & share your story around the stock market crash and what strategy do you follow. Buying at DIPs OR are you selling now to pick up stocks later. What is your story? cheers
Stock Market Crash - My Portfolio - Booked profit for UnionBank & Buying Quality Stocks...
#stock #stockmarket #nse #bse #sensex #indiastock #indiastockmarket #investment #finance #strategy #sensex #indiastockmarket
Have Your Say On Stock Market Crash - Upper Circuit & Lower Circuit...
Do you invest in India Stock Markets? What are the different criteria you look into before picking a quality stock? Did your stock hit upper/lower circuit - Panic Sell Vs HODL? Please let me know your views in the comment section below...cheers
Image Credits:: screener, pro canva, sharekhan, business-standard, sharekhan
Best Regards
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've an interest in Blockchain, Stocks & Cryptos and have been investing in many emerging projects.