Share markets in India are presently trading marginally higher. Sectoral indices are trading on a positive note with stocks in the metal sector and telecom sector witnessing maximum buying interest.
The BSE Sensex is trading up by 29 points (up 0.1%), while the NSE Nifty is trading up by 25 points (up 0.2%). The BSE Mid Cap index is trading up by 0.7%, while the BSE Small Cap index is trading up by 1.5%.
The rupee is trading at 68.99 to the US$.
The Sensex hit a record high today and is presently trading on a positive note.
Note that irrespective of the market sentiment and volatility seen lately, the BSE Sensex is scaling new highs.
But look around you.
How many investors do you still see getting richer everyday?
Fewer than what you saw at the start of the year? Very few?
Well, the Sensex has gained Rs 60 trillion in market cap since 2004. That's a huge number. Nearly a third of the country's GDP. This is evident from the chart below:
Sensex Gained Rs 60 Trillion and Lost Rs 31 Trillion of Market Cap Since 2004
But how many investors have really benefitted from the above rally? Very very few.
Many investors enter the cave of bad quality stocks just before the markets dump them. And then, they are trapped.
All you need to make sure is that you get into very few such stocks. And that you have someone helping you with a good rescue plan.
Then all you need... is the determination to make it work.
Many investors have taken the first step. You can too.
In the news from the cement sector, ACC share price is witnessing buying interest today. Gains are seen as the company reported a marginal increase in net profit for the quarter ending June, 2018.
Profit increased to Rs 3,280 million from Rs 3,260 million during the same period last year.
Revenues however decreased to Rs 37.6 billion from Rs 38.2 billion last year, while cement sales volume rose 7.4% to 7.24 million tonnes in the quarter.
At the time of writing, ACC Ltd share price was trading up by 12.2% on the BSE.
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