Participants would be actively tracking key macroeconomic data like IIP, CPI and WPI data for cues on Friday. A decisive break above 15,250 would trigger further up move else consolidation will continue, suggest experts.
We are hedged to about 50% even now, and in terms of net exposure, it would also be 50%. If the markets go up, 1% we make about half a percent. But, we curtail the downside risk significantly by hedging, explains Nikhil Kamath of Zerodha.
For investors, this Budget has truly laid the foundation of a strong economic revival in the coming quarters, and the rally, which was restricted to select sectors, will broaden to economy-facing sectors like capital goods, infrastructure, real estate, metals, and cement, said Sidana.
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Sensex, Nifty rally 10% since Budget Day to hit record highs: What should investors do now?
We would advise investors to use the rally in the markets to restructure their portfolio and exit stocks that have balance-sheet or corporate governance issues, suggest experts.
Representative image (PC- MoneyControl.Com)
The blockbuster Budget 2021 not just brought a bonanza for the economy but for investors as well. Investors’ wealth, in terms of the market-capitalisation of the BSE-listed companies, rose by more than Rs 11 lakh crore since January 29, 2021.
Both Sensex and Nifty50 have rallied by more than 10 percent each since Budget to touch a lifetime high of 51,514, and 15,153, respectively, on February 8.