Sensex Trades Flat; Yes Bank & Vedanta Top Losers

Share markets in India are presently trading on a flat note. Sectoral indices are trading mixed with stocks in the capital goods sector and telecom sector witnessing buying interest while IT stocks and consumer durable stocks are witnessing selling pressure.

The BSE Sensex is trading down by 6 points, while the NSE Nifty is trading down by 11 points. The BSE Mid Cap index is trading up by 0.1% and the BSE Small Cap index is trading up by 0.2%.

The rupee is trading at Rs 70.05 against the US$.

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.

In the news from the finance spaceDHFL share price is witnessing selling pressure today on reports that Care ratings has revised some of the company's long-term ratings.

According to the rating agency, the revision takes into account moderation in financial flexibility due to limited progress of strategic measures and inflows.

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