China sneezed and now the whole world is shaking. The absence of vaccines is causing a global panic. We already have seen supply chain disruptions. Now we are seeing global-wide travel restrictions. When things and people won't move, it leads to economic slowdown automatically. Markets globally are taking future perspectives in account and reacting. Germany, Italy, France, and other such nations cannot afford things like these.
That said, Indian Nifty PE is at 21.8 levels... close to 20 levels which is the base level, sort of. That said, markets are just appearing to be good for long term investing.
Do not lose hope and accumulate slowly all the good companies and MFs schemes you are holding. Get your shopping list of shares and buy for long term as these all are temporary blips and this post amply demonstrates with charts that Black Swan events are opportunities to buy as the market has to recover sooner or later. However, as a caution keep away from these two sectors to protect your portfolio in the wake of Coronavirus pandemic.
