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Stock Market Plunges 8 Weeks: Experts Reveal What's Next After ₹20 Lakh Crore Loss
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CNBC Awaaz•01-10-2026, 17:19
Stock Market Plunges 8 Weeks: Experts Reveal What's Next After ₹20 Lakh Crore Loss
- •Indian stock market sees an unprecedented 8th consecutive weekly decline, first time in 25 years, with BSE market cap down ₹20 lakh crore.
- •Pramod Gubbi advises bottom-up stock picking, asset allocation (60% equity, 20% fixed income, 20% commodities) for retail investors.
- •Rahul Sharma highlights oversold technical indicators (RSI, India VIX, PCR) suggesting a sharp relief rally of 500-800 points in Nifty.
- •Deven Choksey sees current situation as capitulation, potentially forming a panic bottom, creating opportunities in quality stocks.
- •Pankaj Tibrewala focuses on attractive consumer durables, home improvement, and private sector banks for medium-to-long-term investors.
Key Questions Answered
Pramod Gubbi suggests a medium-risk allocation comprising 60% equities, 20% fixed income, and 20% commodities, which factors in real assets unlike traditional models.
Rahul Sharma points out that the RSI, a four-month high India VIX, put-call ratio, and FII derivatives long-short ratio indicate an oversold market, signaling a possible 500-800 point rebound from the 22,000-22,182 zone.
Experts like Pankaj Tibrewala are watching consumer durables, home improvement, consumer discretionary, and private sector banks, while Marcellus maintains a selective constructive outlook on hospitals.
