Market tumble suggests music has stopped playing for mid-cap; consumer and tech stocks are safe bet for rest of year
The market internals are reflecting the change. The new 52-week lows far outnumber the highs, 64 percent of the stocks in BSE 500 are below their 200 dma and way of their highs showing that the broad market is hurting.
Where the Budget has been a drag is the slip in fiscal deficit, the tax on long-term gain and the raising of import duties on a slew of products.
Rakesh Jhunjhunwala exclusive: 'Trading is mother of all my wealth… I only make mistakes I can afford… computer-based trading is like programmed sex'
Rakesh Jhunjhunwala is the renowned investor who has made billions from an initial capital of only Rs 5,000.