Tuesday, May 23, 2006
Sensex Came Crashing
In the last few trading sessions, the market has been pathetic. It has came down by more than 2000 points. It has left the retail investors running for cover. With the Left as the major partner of the UPA government, such a highly volatile situation is uncalled for. Whom is to be blamed for this. One thing to be blamed is the FII friendly policies of the finanace ministry like no P-Note etc. The other thing is definitely abolition of long term capitcal gains tax and reduction of short term capital gains tax. This has invited more hedge funds and more traders in the market than investors. In any sence, the correction or fall is good in long-term and this is a good opportunity of value buys in the market.
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In the last few trading sessions, the market has been pathetic. It has came down by more than 2000 points. It has left the retail investors ...
2 comments:
previous to this crash a stock with Rs X was traded @ ~ 5X. now this has brought the trading price to around 2X. may be a little bit realistic now.
may be jus may be that this correction is long overdue. [all are sagacious in hindsight]
It has taken about 4 years for it to move from 3000 to 12000. More-over if you see the corporate results, it very well support this bull run. With almost all the top-line companies doing well and with good corporate results and sensex is sure to bounse back. But how long it is going to take is the question.
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