In
Indian stock market S&P BSE sensex
rose to a fresh record high for the third straight day in a row. The
benchmark BSE index crossed the 29,000
mark for the first time ever
in the history of BSE and
hit an all-time high of 29,060.41, while the broader NSE index
touched a record high of 8,774.15. With the stock markets hitting
fresh highs almost on a daily basis. Well, for
the investor's we can say
that they
should look at growth focused sectors such as banks, realty, metals,
and they should try and increase their exposure in these sectors,
while keeping away from sectors such as IT and pharma
which may under perform in 2015.
On the
other hand Foreign Institutional Investor (FIIs)
on a cumulative basis have purchased shares worth over Rs 6000 crore
in the last five trading sessions, as per provisional data, while
domestic institutional investors (DIIs) remained net sellers in the
same period. So, It's
looks like the market is building in a lot of optimism ahead of the
Union Budget 2015, which will be tabled in the Parliament on 28th
February.
The government is expected to announce a slew of reform
measures to push growth. There are also expectations of lower
interest rates in 2015. Well
these kind of movements will
happen and we saw a good amount of flows coming from foreign
investors post the rate cut. So, the more reaffirmation of such
events or actions will see more and more attraction of money going
forward.
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