Retail investors in India are mostly sitting on cash, waiting for the current turbulence in the equity market to settle before investing their funds. Some, however, have started buying in small quantities as they hunt for value stocks.
BSE’s benchmark Sensex has declined 6.37% so far in the year. It ended trading at 24,455.04 points on Friday, the lowest close since 30 May 2014.
“Retail investors are sitting on cash. They are neither selling heavily, nether buying heavily. That said, panic hasn’t set in,” said Nithin Kamath, chief executive of discount brokerage Zerodha.