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Friday, Oct 22, 2021
Outlook.com

The Foundation Bears Fruit

It's been a dream run for the Sensex. But it has also raised a number of questions. Some answers.

The Foundation Bears Fruit
The Foundation Bears Fruit
outlookindia.com
-0001-11-30T00:00:00+05:53
All conversations these days invariably lead to a discussion on the Sensex. And if you are a business journalist, you know you're ducking questions on it all the time. Last week, a foreign journalist asked, "Can foreigners (individuals) buy stocks on the Bombay Stock Exchange?" At parties, these kind of things happen all the time. When will the Sensex touch 10000? Should I cash out now or wait for a while? Which stocks should I buy now? What IPOs (initial public offerings) would you recommend? Should I break my FDs (fixed deposits) to invest in equities?

If you have written on the markets, then you are in really deep trouble. You'll be hounded by everyone—who hasn't missed the pieces—about the next big tip. "You know, I missed out on Bharti. Tell me another stock that's likely to go up like that." Or, it can get worse. "Is there any stock (like Titan Or, which hit the upper circuit on successive days) whose price is likely to zoom by a few hundred per cent?" Most of them will complain how they have missed out on the current bull run, but wouldn't mind entering the market...
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