(Bloomberg) — India’s retail investors are leaving their mark on a risky corner of the nation’s $1.9 trillion share market: penny stocks.A custom index of 800 stocks that quote below 5 rupees (7 U.S. cents) has trounced the S&P BSE Sensex index by 33 percentage points this year. The surge was especially strong in June, when the gauge climbed about 10 times faster than the Sensex as India eased its national lockdown.The outperformance reflects the growing heft of rookie stock-pickers in a country where new trading accounts are opening at an unprecedented pace, mirroring the record sign ups at U.S. …read more
Source:: Yahoo Finance
