Stock market performance this Diwali,will it break records
As the Sensex has crossed 21000 mark recently.
Do you think this Diwali stock market will cross its all time high?
And which are the good investment ideas for this diwali? Where one should invest to gain good profits till next Diwali?
If we quote the experts with their opinions, can get an Idea.
As per Daljeet S. Kohli, Head of Research at IndiaNivesh Securities Private Limited
Only fundamentally strong stocks may be held on even at this level. Avoid weak balance sheet companies & the ones that have seen stretched valuations
And he has suggested 5 stocks for long term investment. Bajaj Finance Ltd, Reliance Industries, Mastek Ltd, Coal India Ltd and J.B. Chemicals & Pharmaceuticals Ltd.
As per Paras Bothra, Research Head at Ashika Stock Brokers, The Sensex is likely to remain strong in near-term. The kind of inflows and liquidity that we are seeing indicates that the Sensex may scale new highs in the days to come. The Sensex is likely to touch its all-time high by Diwali as the global set-up is good, results by Indian Inc is reasonably decent and most importantly FII inflows are robust
However i advice you to do a proper research before you invest. Investment should be always based on solid facts rather than opinions and rumours. You can also refer to Rakesh Jhunjhanwala interview.