When the business cycle is on an upswing, one of the biggest beneficiaries is transportation and logistics. Strong linkages of this sector with every kind of economic activity pushed up the demand for freight forwarding and containers business. Unfortunately, we have just come off a boom period and are still some time away from the next upcycle. A synchronised global slowdown has led to ...

At the time of writing, the Sensex stands at 9,202. In the previous issue, we had mentioned that 8,700 would be an important support level to watch out for, as its violation would indicate that the longer-term bear market (which started in January 2008) is not yet over. The index has been moving sideways since mid-October 2008. Not once has it pierced 8,700; each time, it has taken support...