Meanwhile, a day after its barometer Nifty recorded biggest single-day loss, country’s leading bourse National Stock Exchange (NSE) asked investors to tread carefully before investing in equities and keep away from rumours and advertisements promising large returns.
“Do not be attracted to stocks promoted by internet websites, research reports, tips etc unless you have done adequate study of the company,” NSE said on Tuesday.While asking investors to check information like price-volume data, financials and shareholding patterns before investing, the exchange asked them to be cautious of stocks that show a sudden spurt in price or trading activity without a change in the fundamentals of the company.
This followed a sharp fall of 270.70 points in the NSE’s 50-share barometer index Nifty on Monday, which is its biggest ever single-day plunge.