Brexit Fallout: Don’t stay out of market

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I was watching CNBC and heard one expert saying “Investors should stay out of market when such a position (Brexit) happens…..blah, blah…….”

But according to me it’s the best time when you can buy wonderful companies at wonderful (cheap) prices.

I put my money on Tata Steel exactly at 300.


It was the top loser at that time.

I was lack of fund (I already have my many invested in many stocks) but still I sold Cipla to but this share at such a great drop.

Stats of Tata Steel are as follows…

  • Prev close – 333
  • Open price – 307
  • My buy price – 300
  • It’s current price (3:00 pm) – 314

There were many share in the list of top losers…..

  • Tata Motors
  • ICICI Bank (I was also thinking to buy ICICI but I already have this share in my portfolio bought at 216)
  • Axis Bank
  • Larsen
  • So on….

All are great buy at respective prices.

Also try to stay away from govt owned stocks at such situations.

Now let’s look over the reason – Why Tata steel dropped so much?

We all know that – BREXIT (exit of Britain from Europe Union)

Especially, Tata Steel was affected the most from this because….

And I was waiting for this movement since last 2 days, when I heard this news….

I also invested in Motherson Sumi at 276 by selling SBI from my existing portfolio.

You can see the position, per share gain/loss, % change of my orders as follows.

So I presume, that’s enough to clarify “Buy Top Losers Sensex Shares”.

Disclaimer: Pal! I don't own your money so do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to me. Any information on blog is not any financial advice and should not be construed as such.
About Sowmay Jain 53 Articles
Hello! I’m from Hub of IT (ha!) Hyderabad, India. I work full-time from home, making a living from my blog and another dynamic medium from my investments. Like so many other people, I’m on my Plan B career. At the same time, I share ideas and techniques to help my readers in mastering stock market and overcoming losses.