A Lion’s eye on the Bulls and Bears
“In India, companies may fall sick, but promoters rarely do!”
Judge for yourself that the liquidity through relentless FII Inflows is pumping up our Sensex to reach 20000 and go even beyond……. ofcourse the suspicion lingers whether these FII Inflows are genuine,are sustainable and are being applied for long term investments…and they are not hot monies that can cause havoc if they reverse out of India,equally fast FII …
To Protest against the Congress led UPA Government’s recent decision to Hike Prices of Petroleum Products, the Opposition parties led by BJP and even joined by some UPA parties ! had announced a Bharat Bandh today….Political leaders are courting arrest…there is disruption in Road,Rail and Air Transport across the Nation….In Mumbai,Autos and Taxis are off …
India is ‘Bandh’ today but Stock Markets are ‘Chalu’ !…Pun intended ! Read More »
Sensex just closed down 460.03 points (2.72 %) at 16415.76 and Nifty dropped to 4921.40,down 144.80 points (2.86%) reflecting Global Blues and cues…..Volumes were relatively high and this does not augur too well for the immediate short term…tomorrow’s opening may just be weak too There was red ink all over,with just a few specific stocks …
I’ve no bias… but feel sad for Anil Ambani…. I’m with him on this one….. Supreme Court gave a split verdict today in the RIL v/s RNRL Gas Pricing embroglio in favour of RIL So now 2.34 is out and 4.20 is in !… One perspective is that RIL and the Government have done a 4.20 …
Sentiment is at work at the Stock Exchanges…more visible on days such as these…when the Union Budget is announced In the Morning the Sensex and Nifty were up marginally…as the FM began his speech at 11 am,they remained positive…90 minutes into his speech,at around 12.30 pm and around the time the BJP decided to walkout,the Indices …
Union Budget 2010….First Reaction….So what’s New !? Read More »
Imagine you’re aboard a Plane in Flight and hit turbulence…the Plane drops altitude…sometimes very sudden…..Sensex is akin to this situation…dropping 2.1% on Jan 21 and then near 3% today…Suddenly from reaching up for 18000 recently it is now poised to dive below 16000!…It closed at 16290 today…..and those who were proclaiming glory are quickly reversing opinions to …
Sensex sheds 490 points and 3% to close at 16290 in this turbulence…What Now !? Read More »