CHAPTER 3 : Course of Action When Market is at 'Record High'
On 27 th Sept 2021, BSE SENSEX Index recorded its lifetime high level of 60,412. The Journey from day’s Low of 25,638 on 24 March 2020 (Lockdown impact) to record high has been extraordinarily fast and unidirectional. Most of the investors are now experiencing the dilemma, “What to do now?”, "shall I invest more as the market is going up?" If yes, then in which category? Or should I book the profits I have made? The market has its own way of moving up or down, let’s not get in the territory of how rational or irrational it behaves. Be it, Fund Managers or well-informed investors, no one can anticipate the exact market movement and its level in near future. To a certain extent, one might get an idea of the future trend based on various financial ratios and history of events. Let’s focus back on the million-dollar question, “what to do in a current market scenario?”. The answer to this question lies in the correct actions taken while building the portfolio. Every investment ma