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.
National
February 9, 2021
PESHAWAR: Pakistan Tehreek-e-Insaf (PTI) accused 20 MPAs in Khyber Pakhtunkhwa of horse-trading in the 2018 Senate elections but could not prove allegations.
PTI Chairman Imran Khan had announced that cases against MPAs involved in corruption would be referred to the National Accountability Bureau (NAB) but not a single case against any MPA has been referred to the NAB.
Some former MPAs have filed a defamation suit against Prime Minister Imran Khan in various courts but the PTI has not submitted evidence or reply in any of the cases. Two petitions filed under the Defamation Ordinance 2002 are still pending. PM s lawyers are using various tactics to delay the case. The special jirga met former special assistant to the chief minister Arif Yousaf for an out-of-court settlement. The court dismissed the case after the reconciliation between both parties. Former MPAs Kurban Ali Khan, Zahid Durrani, Obaidullah Mayar and Yasin Khalil were also persuaded to reso
Shares of video game retailer GameStop Corp have been on a wild ride. Analysts who cover the company, however, remain unmoved from their conviction that the stock still has much further to fall before it meets reality.
Shares of video game retailer GameStop Corp have been on a wild ride. Analysts who cover the company, however, remain unmoved from their conviction that the stock still has much further to fall before it meets reality.