Ace Investor Shankar Sharma has said that to make money in stock markets today, all you need is a ‘bull market’ and not experience, study, knowledge, education, mindset.
The Indian stock market has seen a broad base over the past nine months. It has also been transformed from Quality to Value, and from secular sectors to Commodities and various sectors as the flavor of the month in CY22.
Since a narrow basket of quality large-cap stocks in select sectors dominated, markets have expanded with participation from other sectors as well in the past eight months, according to a report by brokerage firm Motilal Oswal Financial Services. Their mid- and small-cap market cap contributions have risen since the Nifty-50 peak in December 2022.
On Friday, Sensex and Nifty continued their upward movement for the second straight day and ended with gains in line with positive trends in global markets.
Extending its previous day’s rally, the 30-share BSE Sensex climbed 282.88 points or 0.44 percent to settle at 64,363.78. During the day, it jumped 454.29 points or 0.70 percent to 64,535.19. The Nifty went up 97.35 points or 0.51 percent to close at 19,230.60.
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Updated: 04 November 2023, 08:47 PM IST
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