Broader market telling a different story from Sensex, Nifty: Shankar Sharma

Shankar Sharma tells Puneet Wadhwa in an interview that Sensex and Nifty are not representative of the entire market

At a time when the S&P BSE Sensex and the Nifty50 have hit new highs, SHANKAR SHARMA, vice chairman & joint managing director at First Global, cautions that these two indices, by any stretch, are not representative of the entire market. Over the past few years, they have become a six-stock measure, he tells Puneet Wadhwa. Edited excerpts:
 
After the rally in 2019, do you think the Sensex & the Nifty can now undergo a time-wise and price-wise correction? 
 
India is a strange market where we don’t usually see a time-wise correction. It (the market) always corrects price-wise