NEW DELHI: It was another week of bloodshed in the domestic stock market, as the benchmark indices logged their biggest weekly descend since the 2008 Global Financial Crisis. By the end of the week, most of the stocks were transactions at tiers identified many years ago.With the coronavirus scourge now rearing its ugly head in India, what could be in store in the weeks and months onward? Amid so much uncertainty, with assets at multi-year lows, busines ex-servicemen appreciate chances for investors. They shared tips on how to best navigate this crisis.Here’s a look at what some of the leading utters of Dalal Street tweeted during the week gone by: State of the marketGiven the acceleration and quantum of marketplace drop, equity portfolio overseer Ravi Dharamshi tweeted that 2020 is a fast-track course than the 2008 GFC. 2020 is a fast track course on 2008 #MarketSlump #markets — Ravi Dharamshi (@ ravidharamshi7 7) 15845512550 00

Independent market expert Sandip Sabharwal shared an interesting fact: the total world market capital lost so far is now 10 -times India’s GDP.World Market Capitalization has crumbled from$ 90 Trillion at the end of 2019 to$ 55 Trillion now To weigh th … https :// t.co/ h7qUd6K0EN– sandip sabharwal (@ sandipsabharwal) 15847628700 00

Morgan Housel, Partner at The Collaborative Fund, shared two insights about stock exchange clangs; a) they tend to go too far but b) they recover before the real economy.The two most important parts of market clangs: – In hindsight they always go too far. – They ever rebound wel … https :// t.co/ pGoLwqbFub — Morgan Housel (@ morganhousel) 15843622450 00

Given the massive dropped in the indicators, Housel says a 5% move in the market either way is now called “unchanged”.If the market closes up or down less than 5% it’s now called “unchanged.” — Morgan Housel (@ morganhousel) 15846355400 00

Market veteran Shankar Sharma expect NBFCs to get hurt badly in this selloff. His next question: Are we staring at IL& FS – 2, 3& 4? Looking at the price action of various NBFCs last few days, it’s abundantly clear that the market is saying many wo … https :// t.co/ GzJTCUvduo — Shankar Sharma (@ 1shankarsharma) 15846760000 00

Call for actionLack of concrete authority action on the economic front has left a few investors frustrated.Sabharwal, paraphrasing examples of other developed economies and their responses to fight the virus, said absence of authority action is creating a lot of hardships.UK Chancellor of Exchequer @ RishiSunak has announce a huge No of steps already to alleviate fiscal stress. #BOE h … https :// t.co/ cQJX6NNjW 0– sandip sabharwal (@ sandipsabharwal) 15847862780 00

Sabharwal advises the government to raise the fiscal deficit target by 1 %. Sir, @narendramodi it is time to think large-scale on the Economy Just minor twiddling of MSME owings, NPA recognition defer … https :// t.co/ kDkIaaMFKz — sandip sabharwal (@ sandipsabharwal) 15847066860 00

Meanwhile, Kotak AMC’s Managing Director Nilesh Shah had a few other suggestions to improve investor confidence amid the meltdown in the stock market. Support Investor Confidence in crisis time by – Restore tax exemption on LTCG. Any way there will be no collectio … https :// t.co/ KtSSJLjB5 3– Nilesh Shah (@ NileshShah6 8) 15846222130 00

What should investors do? iThought co-founder Shyam Sekhar is of the view that a bad market is the best time to begin better financing habits.A bad market is the best time to begin better investment habits .– Shyam Sekhar (@ shyamsek) 15844589460 00

Sabharwal says good quality assets have redressed 40 -5 0% from highs and for the brave-hearted and those contemplating long term, this is an investment opportunity that they must not miss. He believes this is the best time for price investors.A high quality, low or no indebtednes company’s stock falls 40 -5 0% from the top due to the entire #Covid19 problem For thos … https :// t.co/ bpoQnZPy8 2– sandip sabharwal (@ sandipsabharwal) 15846118820 00

#CBOE #VIX breakdown is the first indication that sells is near bottoming The next couple of weeks will still … https :// t.co/ fXdkQBBeKZ — sandip sabharwal (@ sandipsabharwal) 15847162420 00

Dharamshi resembled Sabharwal’s views and said “only patient, long-term capital will trump ” from marketplace mayhem.There is rarity of people who can think beyond next 1-2 months, beyond the current panic, beyond corona virus. Mar … https :// t.co/ YvSQtbCPyB — Ravi Dharamshi (@ ravidharamshi7 7) 15844199360 00

Read more: economictimes.indiatimes.com