Winds of change - Views on News from Equitymaster

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

  • MyStocks


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

Winds of change

Jul 21, 2001

The bourses lost over 3% in a week widely considered as some to be the start of the earnings season. While some of the results were real bad, some out performers kept the balance. But the near term sluggishness in the economy and lack of triggers kept the mood glum. The government’s new found zeal in punishing the UTI wrong doer’s may keep the sentiment sluggish in the next few days. Globally, the investor community seems to be in a state of flux. There is indecision over whether the markets have bottomed out or not. So the outlook has turned to be very short term in nature. A small positive sends the bourses rocketing but the sentiment fizzles out soon. The memory of the tech crash is still vivid in the investors’ mind and hence, the dilemma.

The securities scam still reverberates in the corridors of power. But this time the government seems keen to clear the air once and for all. And so, swiss accounts are getting frozen and the CBI raid party continues to shuffle through UTI brass’ ruffled feathers.

While the raid may embarrass certain quarters as more skeletons spill out, the feeling is that in the long run these measures will go a long way in restoring whatever little investor confidence remains. The establishment seems keen to look ahead and cleanse the environment. The doing away of badla and introduction of rolling settlement and options is a step in that direction.

Though initially, the volumes have tanked and we hear stories of brokers submitting their trading terminals back to the exchange, it could be construed as separating the wheat from the chaff. The good thing is that change is taking place, slowly but surely.

Meanwhile, in the short term the bourses are likely to remain range bound as movers keep a keen eye on the developments post the UTI raids.

Equitymaster requests your view! Post a comment on "Winds of change". Click here!


More Views on News

What Do the Charts Say About Buying Smallcaps Now? (Fast Profits Daily)

Sep 18, 2020

Everyone seems to be excited about buying smallcaps now...but is it the right thing to do? What do the charts tell us? Find out in this video...

Sundaram Bluechip Fund: Will Hold the Stable Horses (Outside View)

Sep 18, 2020

PersonalFn briefly outlines the newly launched NFO note HSBC Corporate Bond Fund.

Wait! Don't Chase Smallcaps Now (Profit Hunter)

Sep 18, 2020

Let the markets take a breather before you jump in.

How Much Money Do You Need to Be a Professional Trader? (Fast Profits Daily)

Sep 17, 2020

In this video I'll answer a question I get asked often: How much capital do I really need to trade the markets for a living? Let's find out...

A Contrarian View on Whether You Should Load Up on Small Caps podcast (Views On News)

Sep 17, 2020

Rahul Shah discusses whether the SEBI circular is the perfect time to start investing in good quality small caps

More Views on News

Most Popular

How the 8-Year Cycle Can Help Identify Multibaggers (Fast Profits Daily)

Sep 11, 2020

This is how you can apply the greed and fear cycle in the market to pick stocks.

I Recommended this Stock over Page Industries because it's Relevant to Doubling Your Income (Profit Hunter)

Sep 7, 2020

Things are not often what they seem in the market and how you can take advantage of this.

The NASDAQ Whale Could Harm Your Portfolio (Fast Profits Daily)

Sep 7, 2020

The discovery of Softbank pushing up prices on the NASDAQ will cause volatility in the market. Stay alert!

This Could Be the Best September for Auto Stocks (Profit Hunter)

Sep 11, 2020

Here's why I think this month could be a great for auto stocks.


Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms


Sep 18, 2020 (Close)