Any short term correction, however, will be a buying opportunity, experts said.
Midcap and smallcap indices also scaled new closing high on Tuesday.
The Sebi move may force fund houses to consolidate their offerings going forward.
A similar number of stocks, 59 precisely, saw bearish crossovers in Monday’s session.
Brokerage Sharekhan said the momentum indicator on the weekly chart was bearish.
Khanna’s pick Shreyans Industries jumped 173% between September 2016 and this September.
During the week, Indiabulls Housing Finance and CIL gained 7.26% and 6.85%, respectively.
Robust buying activity was seen in capital goods, banking, and telecom counters.
Some say the next 10 years will be a golden period for the Indian equity market.
Only 13% of family-run businesses survive till third generation and only 4% go beyond the third.
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