Hi All..so u thought I forgot all about my blog after creating and scribbling in it once??..no dear!! ;)
hey did u guyz had a look at the markets in the last couple of days, its been crashing considerably..but I think thats a short-term correction basically coz of the supersubscription of REL Power that got a trillion pulled out from the market...Our country's estimated GDP is somewhere near ~10 trillions (hey please dont sue me if I am wrong there!!) and 1/10 of these funds locked in 1 IPO could be a big deal and a fair reason for the market dip, wat say??
Well I also see some more factors affecting the ongoing correction, like the lack of expected participation from the FIIs, the Yen treading new highs against the dollar, and the other global cues. However, the forthcoming Congress meet in US, by the end of Jan, regarding Fed rate cuts should be carefully watched upon coz that could bring in some good news...hmm... lot of grey areas discussed!! but I always like to end anything on a happy note...folks while US is supposed to be heading into a phase of recession, India is striding on a growth path now with the difference in US salaries compared to India dipping 21% and healthy corporate results that are meeting our expectations etc. The business houses are venturing out to capture innovative and unexplored avenues of growth across most of the sectors, call it Realty, Financial Services, Power, Oil and Gas, Pharma etc, we are very well-diversified.....well, India is a country known for diversity in unity, is'nt it? So all in all.....I see a bright future for India, in India!! :)
Authored by: MEENAKSHI SHARMA, CFP
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