People are scared of stock market especially after they incurred huge losses in 2008. Last festive session was the worst time for the Retail Investor in India after a huge rally which touched 21000 in the Bombay Stock Exchange. Market analyst were suggesting that the worst was not over. But, contrary to their prediction Indian Share Market have recovered beyond market expectation. Someone who invested during last festive session certainly have doubled his or her portfolio. Market analyst seldom suggest market movement correctly as market don't move on suggestion. Analyst always go by the flow. Nobody suggested that Sensex will hit an upper circuit in the time of Recession but, it did. Nobody suggested that the IT index will be so much robust and support the market during these times but, it did. Everybody talks about fundamentals are sound and are looking good for further rise in the market.
Among all the Emerging Markets India have outperformed every emerging market. Today nobody would dare to say that markets would take a downturn during the last quarter of 2009-10. After peaking in the month of December around 17500-18000. Every indices in India will fall by the last quarter of 2009-10. Sensex may come down to the levels of 10500-11000 or even less.
Among all the Emerging Markets India have outperformed every emerging market. Today nobody would dare to say that markets would take a downturn during the last quarter of 2009-10. After peaking in the month of December around 17500-18000. Every indices in India will fall by the last quarter of 2009-10. Sensex may come down to the levels of 10500-11000 or even less.
Pick of the Day - Welspun India Target - 58/- , Cairn India Ltd Target - 268/-
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