The concentration risk — reflecting stellar returns of just a handful of stocks — is easing for Indian equities. This is reflected in the change in the structure of the market rally — from narrow to broad — resulting in a greater number of stocks outperforming benchmark indices. The broadbased rally augurs well not only for providing a strong base for sustainability of the current momentum, but it helps increase market depth and invites higher institutional interest in the market.
Nine big financial changes that you must watch out for in October
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