Sensex crosses 60K-mark: Basant Maheshwari decodes the rally, tells investors where to invest and speaks on target - Watch detailed interview
BSE Sensex on Friday, September 24, crossed the 60,000 mark. In conversation with Anil Singhvi, Managing Editor at Zee Business, Basant Maheshwari, Investor/Author/PMS decodes the rally, tells investors where to invest and speaks on target.
![Sensex crosses 60K-mark: Basant Maheshwari decodes the rally, tells investors where to invest and speaks on target - Watch detailed interview Sensex crosses 60K-mark: Basant Maheshwari decodes the rally, tells investors where to invest and speaks on target - Watch detailed interview](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_850x478/public/2021/09/24/160204-untitled-design-33.jpg?itok=8HWSEaW6&c=c5af8c0f92ccc8e249257bf0f1cb18e8)
BSE Sensex on Friday, September 24, crossed the 60,000 mark making it a historic day, said Anil Singhvi, Managing Editor at Zee Business. BSE Sensex was trading at 60,232.23, up 345.38 points or 0.57 percent at 10:53 am.
Speaking on the further direction of the market in conversation with Anil Singhvi, Basant Maheshwari, Investor/Author/PMS, said that we are in such a speed boat, whose remote control is in America, if they press drive, we run and when they press brake, we stop. "We do not have our own set up currently. Dow is high and we are walking behind it,," he added.
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Maheshwari said that we have two problems -- one is that we rally when America runs, second our local issues. He said that if you could make money in Indian stock market you can make money from any stock market as we have to see a lot of variables. Presently, it seems everything is good but internally, the fear is there and till the time this fear is there, market will get more investors, he said.
Talking on the downside of the market Maheshwari said that if it is a 12-month view, we should not be worried about downside, however, if its 3 to 6 months view then no one knows what would really happen. "In 2008, the downfall was for around 10 months and in 2020 the downfall was not even for 10 weeks. Movement is very quick because from lack of information now, there is bombarding of information," he said.
60 का हुआ सेंसेक्स... सेंसेक्स ने किस उम्र में कौन सा पड़ाव देखा?
सेंसेक्स का पूरा 60 साल का सफर ?
60 के सेंसेक्स पर क्या खरीदें?
पूरे मार्केट की स्टोरी समझिए बसंत माहेश्वरी से।@AnilSinghvi_ @BMTheEquityDesk #Sensex #indianstockmarket #Nifty #BSE #NSE pic.twitter.com/bRc94TCFIA
— Zee Business (@ZeeBusiness) September 24, 2021
Speaking on the targets ahead, he said that there is no point in thinking because how much we discuss the more irrelevant it becomes. He said that people who are working from home are investing lot of money in share market, and if we consider the corpus of the investors who are under the age group of 30-35 years, then it is incrementally very dangerous.
While giving suggestions on where an investor can put their money, Maheshwari said that globally relevant companies which are having triggers outside India can be considered for investing.
Secondly, companies with good growth options can be considered. It is not important to invest in big companies with less growth percentage. Invest in solid companies and focus on quality, he added.
He further said that investors should stay cautious before investing in consumer facing and internet facing companies.
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