In your interest.
Online Personal Finance Magazine
No beating about the bush.
The Indian capital market continues to witness extreme volatility and, for over two months now, there is no discernible trend -- the market is only lurching from one extreme to the other. For instance, on 17th December, the Sensex opened weak and steadily lost ground through the day to end a shade above 19,000, a fall of 770 points, another one of those frightening declines. Over the next...
On Wednesday, 12 December 2007, we saw something truly remarkable. The Asian markets were all sharply down due to a 290-point fall in the Dow Jones Industrial Index the previous night. Before the Indian market opened, I got a call from one of my friends, asking me where I saw the market headed. Before I said anything, he said, “It looks grim, isn’t it?” he asked. I said that the market would...
Shorter-term trends of the Indian market (the scope of this column) are being determined significantly by trends in the US market. It would be a mistake to have a blind belief in the growth story of India. The US economy has hit a soft spot. While commentators like Stephen Roach and Marc Faber have been pessimistic about the US economy and the market for four years now, the economy has...