Friends,
This is special morning today in the sense that the markets around the world are showing great mile stones being crossed. The DOW is past 9000, Kospi is past 1500, Nikkei is past 9000, Hengeng is past 20000, Taiwan is past 7000, Shanghai is past 3350, Straits is past 2500 and for us in India Nifty is all set to cross 4600 (and Sensex 16000).
The results so far have created base for big strides ahead if only the news remains positive largely. I do not see any reason for the news flow not being positive. When the economic wheels have started moving, they would only gether speed as the economic machine is well oiled (through the monetary expansion).
This euphoria is not unreal but after too hard partying there would some exhaustion. I may tell you that on day of extraordinery upmove, you may get in to safety of cash to the extent of 50pc. When economy expands with substantial growth rate, every one gets better rewards but the ones who remain in equity investment get all the cream. So, if you play carefully and rely on right guidance, there is a chance of a life time looming large on the horizon which can make you rich for ever and take you far ahead of skeptics.
The corporate world has had very good going as far as QIP and GDR successes are concerned. The money has been raised with minimal cost and at right price. This would creat a good support for the entire market and make the market deeper.
The six core industrial sectors recorded 6.5pc growth in June 09 (2.8pc in previous month).
The rural economy is again showing its might. This time the insurance business by LIC is up 19.98pc for April-June 09 while all private insurance companies have together shown decline of 27.86pc in business (LIC has network spanning all small cities and townships). Overall collectiona have been flat at Rs 14456 crs in terms of first premium income. There would be surge in business in coming months as per my estimate.
Tata’s ‘nano’ has passed European crash test for safety standards.
HariOm,
krsnaKhandelwal
