Normally The Preferred Choice For Smart Money Is RELIANCE & ONGC...To Manage The Index Movement To Suit Themselves.
Considering There Is Only 5% Float Of ONGC, One Could Understand...But RELIANCE...Because It So Widely Held With A Huge Float...One May Ask How Is That Possible...???
Well..Well..While The Actual Float Of RELIANCE Is Very High & Widely Held....Reality Is Something Else Therefore It Is Much Easier To Manage The Index With Just These Two Behemoths.
Most Retail Investors That Hold RELIANCE Shares, Never Sell Or Even Trade In It...Psychology That Is Prevailent Among The Investors Is Such That They Will Sell Anything From Their Portfolio But RELIANCE...Hence Most Of The Shares Held By Public Is Practically Dormant & Not In Circulation, By Virtue Of Which There Is Very Little Active Float In Circulation..
SavantGarde
Considering There Is Only 5% Float Of ONGC, One Could Understand...But RELIANCE...Because It So Widely Held With A Huge Float...One May Ask How Is That Possible...???
Well..Well..While The Actual Float Of RELIANCE Is Very High & Widely Held....Reality Is Something Else Therefore It Is Much Easier To Manage The Index With Just These Two Behemoths.
Most Retail Investors That Hold RELIANCE Shares, Never Sell Or Even Trade In It...Psychology That Is Prevailent Among The Investors Is Such That They Will Sell Anything From Their Portfolio But RELIANCE...Hence Most Of The Shares Held By Public Is Practically Dormant & Not In Circulation, By Virtue Of Which There Is Very Little Active Float In Circulation..
SavantGarde
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