Will these two engines, which have propelled the market so far, sputter now?
Last week, I had said that, as of now, it has become a market for buying the dips. Indeed, that’s how the last fortnight went. On 29th May, the Sensex closed at 14,625. For the next three days, it bounced off that level and, on 4th June, just when 14,600 was about to be breached, buy-the-dips crowds came in and...
Big investors have a hollow feeling of watching the train pulling away
In our previous issue, I had said that there are chances of heading for a serious market decline. But if the Sensex continued to rally, it would hit 13,000. What happened was truly amazing. On Friday 15th May, before the counting of election results began, the Sensex closed at 12,173. Over the weekend, it became clear...
Newly converted bulls may be headed for a frustrating time
In our previous issue, we had said we expect this rally to go past 12,000 – possibly beyond. The Sensex closed at 12,173 in the week ended 15th May. We had also said that we cannot see a turning point for this market because sentiment as well as liquidity is at very high levels and they form a potent mix for the bulls. We had said...
