You just need a bull market, not ‘experience’ or ‘study’ to make money: Shankar Sharma takes a jibe at money managers

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.

Sharma, taking a jibe at fund managers, took to social media platform ‘X’ and said that millions of newbie investors have made tons of money in India in the last two to three years, as the Indian stock market has given returns higher in the three years. -a period of one year.

According to Sharma, this proves that no experience, study, knowledge, education, mindset is required to make money in home markets. Only one bull market is needed.

Also read: Shankar Sharma’s portfolio stock Brightcom Group hits the lower circuit for the 8th day in a row

‘Millions of newbie investors have made tons of money in India, in the last 2-3 years. This proves one thing: to make money on markets, you don’t need any experience, study, knowledge, education, mentality. All you need is a Bull Market,” Sharma said on ‘X’.

The benchmark NSE Nifty 50 index was at 11,132.75 on March 2, 2020 when the COVID-19 pandemic was starting to hit India. Three years later, Nifty 50 was at 17,450 in March 2023, growing 55.6 percent. The benchmark index has outperformed its global peers including the Nikkei, Dow Jones and Hang Seng index over the three-year period.

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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