One week is a long time in stock market, I took a break for one week and it crossed two mile stones (1800 and 1900). Though I still believe Sensex is just another set of numbers, we have some emotional values attached to it. It was pleasant to find the power stocks are powering their way up. It seems there is no end to FII flows which reminds me of a magic trick we all enjoyed during our childhood, the never ending “Water of India”. Sensex is going to cross 20000 in this very run ("19,300" just another number). May be some correction is in its way. News report.
The sheer pace of market movement has some element of doubts; at least our Finance Minister Mr. P. Chidambaram believes so. At the summit of Hindustan Times he showed his reservations and suspicion on how the movement of Sensex sometimes surprised, and sometimes worried him. He talked about the ‘copious inflow of funds from a number of sources’. It is always better to be cautious. But what about too much of it? Agreed that at the helm of affairs he has some responsibilities, especially to those small investors who invest their ‘life’s in the market. But those words in a forum are not exactly what were expected from him, it is no less than manipulating the stock market, trying to stop the natural market movement. Another report in CNBC (Payal Bhattar) says the market regulatory bodies will have two sittings per month as against one earlier. It seems he is really concerned to find a skeleton in the cupboard. Though I have my own doubts on his suspicions I have no objection to the regulatory bodies to be proactive.
Some experts are sure the market movement is due to robustness of our economy and the checks our regulatory bodies have put in place, copious monies can not simply play any major role in market manipulations. It is also believed by major section of small investors that our stock market has started its movement only now and it has unbound potential to go up and up and up. Remember Mr. P. Chidambaram is an economist of his own repute, and there are lot many who shares in his above observations.
The market will go up, the bull run as we all believe is there to stay for some more times, still we are to go slow and not be that greedy to put our life’s into the market.
Check the Sensex graph, may be another correction is in its way.
Disclaimer: I am not a technical analyst.
The sheer pace of market movement has some element of doubts; at least our Finance Minister Mr. P. Chidambaram believes so. At the summit of Hindustan Times he showed his reservations and suspicion on how the movement of Sensex sometimes surprised, and sometimes worried him. He talked about the ‘copious inflow of funds from a number of sources’. It is always better to be cautious. But what about too much of it? Agreed that at the helm of affairs he has some responsibilities, especially to those small investors who invest their ‘life’s in the market. But those words in a forum are not exactly what were expected from him, it is no less than manipulating the stock market, trying to stop the natural market movement. Another report in CNBC (Payal Bhattar) says the market regulatory bodies will have two sittings per month as against one earlier. It seems he is really concerned to find a skeleton in the cupboard. Though I have my own doubts on his suspicions I have no objection to the regulatory bodies to be proactive.
Some experts are sure the market movement is due to robustness of our economy and the checks our regulatory bodies have put in place, copious monies can not simply play any major role in market manipulations. It is also believed by major section of small investors that our stock market has started its movement only now and it has unbound potential to go up and up and up. Remember Mr. P. Chidambaram is an economist of his own repute, and there are lot many who shares in his above observations.
The market will go up, the bull run as we all believe is there to stay for some more times, still we are to go slow and not be that greedy to put our life’s into the market.
Check the Sensex graph, may be another correction is in its way.
Disclaimer: I am not a technical analyst.
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