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Sensex down by over 1000 points from highs! Find out what suits now – SIP, STP or Lumpsum?
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Nifty50 and Sensex 30, two leading stock market indicators are down by almost 500 points and 1000 points respectively from their highs. Sensex touched the all-time-high of 62,245.43 intra-day and closed at 61,716.05 on October 19, 2021.
On October 21, BSE Sensex 30 was trading at around 60651 levels, down by over 1000 from highs. The NAVs of most equity mutual funds are also at lower levels over the past few days.
While the corrections and dips in the market were never ruled out, the trend in the days and weeks ahead are still not known. What is known is that the equity market does not travel in a linear manner and there will be periods of ups and down in the market.
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