Such tech glitches are not new, happens in every industry. ICICI Bank had more serious tech issue lately but why that bad news hasn’t went viral like the Kotak’s?
I strongly feel such events are being used to create negative sentiment in the minds of retailers. Even the recent sharp correction will make us feel that at what price we have bought the stock wasn’t good at all. The day it climbs up to our avg buying level we end up selling due to all such negative fabricated narratives. I think that’s all these market manipulators or operators want.
Agar muje (read DIIs/FIIs/Operators) koi stock 1800/1900 pe buy karna hai bcoz I know its worth 2500+ but retailers apni position chhod nahi rahe hai to kya kare? Create panic by making a mountain out of a molehill.
If Kotak bank has done something so wrong then why DIIs still increasing their stake every single quarter? Even you observe delivery percentage on NSE for Kotak Bank it is almost 60%+ every single trading day. Who’d be buying these much in bulk? Not many retailers I think. They’re frustrated bcoz of notional losses shown in their demat account.
Take it easy friends. This too shall pass! Focus on allocation to each stock such that they don’t move you too much.
PS - I too have highest allocation to HDFC and Kotak Bank in my pf. Yes, it pinches when stock falls much beyond we anticipate but that doesn’t make such businesses bad. As of now I am just holding these 2 stocks calmly, won’t do “revenge buy” as my allocation level beyond current point will not let me sleep peacefully.
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