Retail investors are being taken in for a ride by large PE players in most of the new age IPOs
The rout on May 19 created panic among investors, leading to exchanges like Coinbase and WazirX witnessing temporary shutdowns
At close, Sensex jumped 1,128 points, to 50,136 and the Nifty nears 14,850 marks at 14,845 ending 337 points higher.
"Sometimes, momentum turns around and bites you also. Therefore, one should invest for the long term," he said.