Sensex Trades Flat; ONGC & Sun Pharma Top Gainers

Share markets in India are presently trading on a flat note. Sectoral indices are trading mixed with stocks in the IT sector and automobiles sector witnessing selling pressure while metal stockspower stocks, and energy stocks are witnessing buying interest.

The BSE Sensex is trading up by 32 points, while the NSE Nifty is trading on a flat note. The BSE Mid Cap index is trading up by 0.3% and the BSE Small Cap index is trading up by 0.6%.

Speaking of Indian share markets, note that mutual fund investors who have been resilient in their investments till now are showing the first signs of panic.

Have a look at the chart below that shows the reducing mutual fund net inflows:

Reducing Mutual Fund Net Inflows - First Sign of Panic?

Here's what Tanushree Banerjee, Co-head of Research at Equitymaster, wrote about it on one of the recent editions of The 5 Minute WrapUp...

  • Net mutual fund inflows (mutual fund inflows net of redemptions) for January 2019 was at Rs 61.6 billion. This is a 60% drop from net inflows of 153.9 billion in January 2018 of last year.

    Past bear market cycles were characterized by the exit of retail investors.

    Are we seeing the same thing again?

It is important dear reader, to avoid the herd in times like these.

She believes, these are the times that differentiate the small number of investors who create long-term wealth for themselves by taking long-term positions in safe stocks.

The rupee is trading at Rs 71.15 against the US$.

In the news from the aviation spaceJet Airways share price is witnessing selling pressure today after the company said seven aircrafts have been grounded due to non-payment of lease rentals.

Shares of the company fell as much as 6.3% on back of the above news.

On Wednesday, the airline also said it had canceled multiple flights for February 28 due to operational issues. The airline further added that another 77 flights were canceled due to the closure of a Mumbai Airport runway until March 30 for maintenance and repair work

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The topic also brings us to ask: Do buy-backs offer an arbitrage opportunity for retail investors? Ankit Shah has answered this question in one of the editions of 


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