Is It 2013 All Over Again? - Chart Of The Day 6 March 2019 - Equitymaster
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Is It 2013 All Over Again?
Mar 6, 2019


The current scenario in the Indian stock market looks very similar to what happened in 2013.

Back then, mid and small cap stocks witnessed a similar correction while the BSE Sensex stayed put.

2018-19 has also followed a similar pattern.

Long term-capital gains tax was introduced in last year's budget. We've seen corporate governance issues leading to auditor exits and finally the IL&FS impact.

The rally that followed in 2013 was led by mid and small caps.

Will 2019 pan out the same way?

All you can do is control what can be controlled.

Pick up fundamentally strong stocks with an able management at the helm.

These are businesses that have delivered earnings even in tough times.

These stocks are most likely to lead the next leg of the market rally when it happens.

Data Source: BSE India

This Chart Of The Day was published in The 5 Minute WrapUp - Is it the Right Time to Buy Mid and Small Caps Now?

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