Eye the long term... - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Eye the long term...

Jul 13, 2002

With the Dow falling over 7% and the NASDAQ over 5% this week, globally bourses caught a cold and investor confidence continued to suffer. India was no exception, but the fall in indices was not very steep comparatively. One could still see broad based buying in mid cap counters. It is not difficult to see why Indian bourses managed to hold their own even when western markets suffered. Infact most Asian bourses saw limited declines. With India expected to grow at 5-6% in FY03, it is among the few regions on the globe to be able to hope so. Also, overall the noise levels in all sectors are slowly turning positive. In short, there is anticipation in the air.

With the new Finance Minister expected to make a policy statement by the end of this month, most investors are adopting a wait and watch attitude. However, with the divestment ministry continuing their good work and deciding to put HPCL and BPCL on the block, the feeling is positive. Hopefully, monsoons will do their bit and we may see a revival in rural demand.

Cement dispatches are up, auto companies are clocking amazing growth numbers, engineering companies are sitting on huge order backlogs, banks continue to log in growth with lot cleaner balance sheets and Indian tech majors have till now recorded good results. In contrast, the US continues to get hit by accounting problems, earnings hazards and concerns over sluggish employment numbers. Going by this one can expect Indian bourses to have a relatively good FY03.

But then, bourses are bourses and they do funny things. One scam and the whole positivism will fall like a pack of cards. We continue to favour stock picking with an eye on the long term.

Equitymaster requests your view! Post a comment on "Eye the long term...". Click here!

  

More Views on News

Top 5 Stocks Mutual Funds Bought and Sold in March 2021 (Sector Info)

Apr 16, 2021

A look at what India's top equity mutual funds bought and sold in March 2021.

Kotak India EQ Contra Fund: Eliminating Emotional Bias (Outside View)

Apr 16, 2021

PersonalFN's analysis on the features and performance of Kotak India EQ Contra Fund.

A Warning About Bubbles (Fast Profits Daily)

Apr 16, 2021

Those who don't learn from financial history are doomed to lose their money.

11x Bankruptcy to Bluechip Stock: A Rare India Revival Story (Profit Hunter)

Apr 16, 2021

There is no stopping this 11-bagger stock from significant upside.

Market Crash: Picture Abhi Baaki Hai? podcast (Views On News)

Apr 15, 2021

Rahul Shah on whether another big crash is likely and the ideal strategy to counter it.

More Views on News

Most Popular

India: Recovery Stalled by Vaccine Games? (The Honest Truth)

Apr 13, 2021

Ajit Dayal on how India's vaccine strategy will impact the markets.

4 Stocks to Make Your Portfolio Immune to the Second Covid Wave (Profit Hunter)

Apr 6, 2021

Rather than predicting the market, successful investing is more about preparing well and placing your bets accordingly.

An India Revival Stock I'm Bullish On... (Profit Hunter)

Apr 9, 2021

This could take India to the position of 3rd largest economy.

Why Did the Market Crash on Monday? (Fast Profits Daily)

Apr 13, 2021

In this video, I'll you what I think is the real reason behind yesterday's market crash.

Why the Market Fell Yesterday (Fast Profits Daily)

Apr 6, 2021

In this video, I'll tell you the two reasons why the market fell on Monday and how you can prepare yourself for such events in the future.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Apr 16, 2021 (Close)

MARKET STATS