How much of the India story, that we are proud of, originates in the US?

When markets go up continuously, turn on the TV and you can choose from a daily deluge of wisdom on how the India story is just too compelling; how we are in a long-term, secular bull market; how rising prosperity and low equity ownership will soon create an explosive demand for stocks. All that's probably correct,...

The market may correct 10%-15% from the current level, before the next move up

The fantastic rally that had started on April 3rd may now be coming to an end. We have seen a rally of 3,300 points from around 12,500 in the Sensex. We will now probably see a fall of about 1,500-2,000 points due to a variety of local and international factors. Among the international factors, there could be a...

The trend is still up. But we are entering a struggle zone

As everyone was expecting, including us, we did touch fresh life-time highs and are now poised to go up another 300-500 points on the Sensex. The market continues to climb the walls of scepticism which is expressed in observations like: “the market is at historic highs”, “earnings growth will slow down” and “valuations are too high on...