22 October, 2020

Makin' Sense Of It...

The Sensex's the bellwether. But with some research, a discerning tilt at the markets could see the portfolio bloom.

Makin' Sense Of It...
With the going good, stocks are once again the talk of the town. Business executives, entrepreneurs, retirees, housewives... everyone wants a piece of the action at Dalal Street. In Mumbai locals, ferrying people packed like sardines, much chatter revolves around the latest market khabar, hot tips, target price, and all that.

Conversations start with a casual inquisition: "Market, kya lagta hai?" A typical response: "Looks good, next target 7000." A summary of the day's trading could go something like: "Market was good, closed 50 points up."

7000, 50 points up. A large majority of urban Indians might be uninitiated with the nuances of investing and the ways of the market, but still most of them know that it's the Sensex that is the centrepiece of these random conversations and numbers. Rightly or wrongly, the Sensex—or the Bombay Stock Exchange (BSE) Sensitive Index, as it is officially designated—has become a proxy for the Indian stockmarket. Just as one checks a few mangoes in a basket to judge the quality of the entire lot, investors have come to view the...


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