Sensex, Nifty witnessed a robust start on Thursday. Asian stocks climbed early Thursday after solid company earnings boosted Wall Street, easing concerns about peak economic growth and coronavirus flareups. The Sensex was at 52,817, up 619 points or 1.19%, while the Nifty was at 15,811, up 179 points or 1.15%.
“Enter stocks with the highest margin of safety in the current markets, for traders this market can make quick bucks but for investors, one needs to invest in quality names,” Kranthi Bathini of Wealthmills Securities said.
He also believes that there are times when ‘cash is king’. Every portfolio must have 20-30% of cash reserved in current markets. This will help them to enter quality names in a staggered fashion.
He prefers IT, Pharma, and auto as sectors that will do well on the back of positive earnings.
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In a joint term insurance plan, not many insurers provide add-on covers along with a primary joint life insurance plan
So far, there is some evidence of a change in consumption pattern based on high-frequency consumption indicators for consumers in advanced economies
We should see more small investors take to ETF and passive investing in certain categories such as large-cap equities where active funds are lagging
Both Centre and the states are overly dependent on petroleum taxes. They may not ease their grip on them