Sensex likely to trade in 16,000-20,000 range in 2011
The stock market is expected to witness a negative bias in the the first half of 2011 and pick up later with the Sensex likely to trade in a range of 16,000-20,000 points for the current year, broking firms have said.business Updated: Feb 20, 2011 10:59 IST
The stock market is expected to witness a negative bias in the the first half of 2011 and pick up later with the Sensex likely to trade in a range of 16,000-20,000 points for the current year, broking firms have said.
"We expect the market to trade with a negative bias in the first half and to move up towards the end of the year. So expect the markets to be in a range of 16,000-20,000 for the current year," Rajen Shah, Chief Investment Officer, Angel Broking, said at a seminar on Investment Opportunities jointly organised by Angel Broking and Bombay Stock Exchange here.
The seminar was a part of Angel Broking and BSE's ongoing countrywide initiative on investor education.
Retail investors need to be cautious and disciplined in stock picking. Focus should be on value investing in companies with good managements and businesses, Shah said.
Speaking on the occasion Dinesh Thakkar, Chairman and Managing Director, Angel, said, "given our retail-centric orientation, we are confident that through this alliance with BSE, Angel Broking can further leverage its strong research strength to reach out to a wide spectrum of Investors."
So far in 2011, the Indian markets have been on a downward trend, shaving off almost 10 per cent, on back of persistent inflationary pressures, which are expected to result in slowdown in the economic growth.
However, a look at history suggests that Indian equity, as an asset class, has been the most rewarding. Buying during downtrend in the market has provided good returns, Thakkar said.