News

Great time for investors: Vivek Gupta on Sensex rise

by IBNS 22 Jan 2015, 07:57 am

New Delhi, Jan 22 (IBNS) The BSE Sensex breached 29000 for first time on Thursday.

Vivek Gupta, CMT – Director Research, CapitalVia Global Research Limited commenting on the market said: “BSE has crossed the levels of 29,000 for the first time the history of markets. It’s a great time for all the investors in the markets and the good thing is that still a lot of heat is still there in the markets. We can still find few sectors which have not yet felt the bullish momentum yet like Realty and PSU Banks. 

"The rally till 29000 was completely led by sectors like IT, Pharma and Private banking stocks. Amidst all this rally we have seen big giants like Reliance not contributing at all. This year we might see a change in momentum and we might see a huge contribution is the rally from interest rate sensitive stocks, like capital goods, power, realty and private banking sectors. Investors should now gradually look to diversify some of their amount in these specific sectors for a better comparative return to risk ratio.”