Don’t blame the Budget. A global downturn is on
Two issues back, we had suggested that the market was about to crack (Moneylife, 2nd July). Also, for a three-year record of our calls, please see pages 42-43. Since then, the market has given up about 1,500 points and is headed down. While investors are looking accusingly at Pranab Mukherjee and his unexciting Budget as the cause for the...
A rally may be round the corner but it will be for nimble traders
Last fortnight, I had said that we might be on the verge of a serious decline. At the time of writing that piece, the Sensex was at 15,238. Within a week, the Sensex was threatening to break 14,000. But, as I write this piece during the last 15 minutes of trading on Friday 26th June, the Sensex had crossed 14,700. The serious...
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...
