A morning walk down Dalal Street | Focus on selective blue-chip companies, avoid leverage bets
Episode 1071, Apr 10, 2019, 01:30 AM
S&P BSE Sensex ended 238 points higher at 38,939 while the Nifty50 closed 67 points higher at 11,671.
The market breadth was weak but favoured buyers. IT, realty, auto, banks as well as the metal sector witnessed sharp buying while profit booking was seen in telecom and consumer durable stocks.
The volatility will only increase as we head towards the election outcome in May. Apart from that, movement of crude oil prices will also have bearing on markets and India Inc.
Experts advise investors to stay focused on selective blue-chip companies while traders should avoid leverage bets.