Hey people,
So how has the market treated ur investments so far??
Well, I got one of my readings wrong; had expected to get a good return in the short-term from Maruti but gosh, has the stock tanked!! I still stand by my belief that maruti is a good company, fundamentally, but I guess I will have to stay invested for a longer time than I'd previously estimated to get a good return from the stock..
And, the markets really started on a positive note today, didn't it?? I sure did book some profits there.. Then the market again nosedived (profit booking, most likley) n now the market is again continuing its forward march!! Volatility traders must be having a gala time out there; assuming they are able to time their entry and exit points perfectly!!
Any idea about the government's tax policy on the hotel industry?? the Govt was mulling a tax cut but I don't know the final result yet!!
As for the sub-prime concerns, well yes, the Indian markets are going to take their cue from the American markets.. However, the Indian market is not exactly being driven by the movements of the American market.. There are a lot of market forces at work here which may help alleviate the negative impact of a downfall in the U.S. economy..
Enough for now... My earnings updates on the U.S. biotech industry await my return!! Adieu.. :D
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