Nifty holds 6300; SBI up 5%, midcaps, smallcaps outperform

Written By Unknown on Jumat, 01 November 2013 | 16.02

Nov 01, 2013, 02.19 PM IST

Bull markets always climb a wall of worry and right now the market is looking ahead to the election cycle and a new administration; that is why it is powering up, says Ramesh Damani.

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Nifty holds 6300; SBI up 5%, midcaps, smallcaps outperform

Bull markets always climb a wall of worry and right now the market is looking ahead to the election cycle and a new administration; that is why it is powering up, says Ramesh Damani.

Like this story, share it with millions of investors on M3

Nifty holds 6300; SBI up 5%, midcaps, smallcaps outperform

Bull markets always climb a wall of worry and right now the market is looking ahead to the election cycle and a new administration; that is why it is powering up, says Ramesh Damani.

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14:22

Moneycontrol Bureau
Live Market Commentary

Equity benchmarks remained choppy in afternoon trade, but the broader markets continued to outperform benchmarks with the BSE Midcap and Smallcap indices gaining 0.8-1.1 percent.

The Sensex is up 25.43 points at 21189.95, and the Nifty is up 9.55 points at 6308.70. About 1252 shares advanced while 994 shares declined on the BSE.

Bull markets always climb a wall of worry and right now the market is looking ahead to the election cycle and a new administration; that is why it is powering up, says Ramesh Damani.

In an interview to CNBC-TV18, Damani said retail investors should not try to time the market, and would be better off focusing on good businesses.

"I don't think it is a good idea to time the market; only in very extreme points is it possible to time the market either on the upside or the downside. My advice is to invest in great businesses, be it this Diwali or the next, and feel as if you own a part of the business," said.



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