The benchmark BSE sensex has had a bumpy ride since scaling its all-time high level of 62,245 in October last year. The index did go past the 60,000-mark on 2 occasions this year, but could not hold on to it for long. On Wednesday, after 178 days, BSE sensex again breached the psychological level of 60,000.
Avoid euphoric valuations, keep cash for better entry points: Pankaj Tibrewal
Pankaj Tibrewal of IKIGAI Asset Managers finds current valuations too high for new investments. Defence sector valuations are especially prohibitive. Cement sector, particularly in South