Indian Equities: Time for reshuffling and partial profit booking!
Indian Equities Time for reshuffling and partial profit booking! The BSE & NSE Index are hovering near an all time high level. Market mood is upbeat despite stretched valuations. We have been witnessing a broad-based bull run and sentiments are very high with the record increase in retail participation owing to aggressiveness shown by the millennial. However, we know that no asset class goes in one direction only and at some point of time a correction is likely to happen. Although in near term we might not see any meaningful correction in the bourses but many scrips have run up sharply posing risk for deeper correction in some of them. Investors who are sitting on high unrealized profits are advised to bring some profit out of the table and diversify a part in other asset classes like gold and into balanced funds where risk of capital erosion is very low. At the same time one should start reshuffling of the portfolios and shift to safer scrips which are les...