The National Stock Exchange’s 50-share index Nifty crossed the 10,000-mark last week and mutual funds are pumping money into the markets driving up stock prices to new highs every day. Blue-chip shares are expected to be firm and reliable that will deliver good returns consistently to investors.
The word ‘blue-chip’ for shares might have probably derived from the term ‘blue-blooded’ which is used to describe a person of royal descendant. Similarly, the term ‘blue-chip’ given to some selective shares indicates a similar connotation in the family of shares. In other words, they are the best shares that you can own, a kind of crème de la crème of the entire stock market.
