Sensex at life highs but No Fireworks for Retail Investor
The BSE Sensex closed at a record high on Wednesday riding on strong
fund flows from overseas investors. The Sensex gained 105 points to
close at 21,034, while the 50-share Nifty ended at 6,251.70, rising 31
points.
Media is abuzz with Sensex reaching new life High on Diwali day which is quiet possible but should you as retail investor be excited about this?
Sensex represent only 30 stocks from gamut of 1000+ actively traded stocks, Retail traders and investors trade in stocks which is showing a different picture all together.
The worrying aspect of the current rally is that many stocks are trading significantly off their highs when the Nifty hit 6,229 (the previous high for 2013 hit in May) earlier this year.
Banks and Financials forms almost..
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Media is abuzz with Sensex reaching new life High on Diwali day which is quiet possible but should you as retail investor be excited about this?
Sensex represent only 30 stocks from gamut of 1000+ actively traded stocks, Retail traders and investors trade in stocks which is showing a different picture all together.
The worrying aspect of the current rally is that many stocks are trading significantly off their highs when the Nifty hit 6,229 (the previous high for 2013 hit in May) earlier this year.
Banks and Financials forms almost..
posted by Bramesh at
10:44 AM
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