For do-it-yourself equity investors, it’s about buying and selling individual stocks. Sometimes, however, there are market events or policy changes that impact an entire set of stocks in the same industry. If you hold a view on what the impact of, say, demonetization, will be on the banking sector, you may want to take exposure to the entire sector rather than just pick one or two stocks.
India will be superpower by 2047, but not high-income economy: Martin Wolf
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