The BSE Sensex has finally crossed the magical 8000 point mark after a lot of deliberations.
It is good news for the industry yet the small time investors should decide their future.
This is the time where the Indian markets will see a lot of turmoil and volatility.
The word is’ caution’.
The main reason that has seen the BSE Sensex roar past the 8000 mark is due to the following reasons:
~Sustained buying by institutions have helped the sensex cross this mark.
~The main scripts are doing well over the period.
I would like to state that I am not an expert n the topic yet I have shortlisted a few sectors which are likely to do well in the near future.
-The bank segments are doing well and should continue its run.
-The Textile segment headed by companies like Alok Industries, Welspun
Industries and S Kumars is likely to do very well. The fundamentals of the
above companies are very strong.
- Auto Ancillary segment looks bright especially for companies like Rasandik Engg.
Ltd(REL) and Phoenix Lamps.
- Mid cap cement companies like Mysore Cement, Prism Cement and shree Cement
is a good buy option.
However please use your own statistics to evaluate your position and risk portfolio.
A small advice for the small time investors.
It is needless to be greedy in companies whose fundamentals are not clear to you.
Thus, the best policy is to book the profits at current levels and sit on it.
Invest more when the market corrects itself.
(Please note that the BSE Sensex, loses or gain points by the second. Therefore all the industries that I have mentioned here has to be analysed before investment options.
The sentiments I have expressed here are as on 12th September, 2005)