AFTER writing off 2008 as a bad dream, the Indian investor is now left wondering whether it is time to call a market bottom anytime soon or if 2009 will be a repeat of the miserable 2008. The year till date has not been particularly encouraging for equity investors with the sensex down about 14% and the mid and small cap indices by a steeper 20% or thereabouts. In addition, the rupee is down another 6% year to date and the foreign institutional investor has continued the selling spree with around $2 billion of net sales in 2009 till date following the $13 billion of sales in 2008. Expert opinion appears divided between a potential market rebound and an imminent crash.
In jan 2008,sensex was above the 20000 but now only 8000.so where is bottom?but
I read it in a newspaper that the intelligent investor should identify companies that can survive the downturn and generate good returns when the tide turns over the next few quarters.
If it is possible then it's a great news for all of us.
Thanks.
Deepak you are right that market is going worse, but don't you think is there any hope for the market to grow?
ReplyDeleteYes,there is a lot of hopes because hope never ends.
ReplyDeleteYou can cehck last 15 days market its continuously increasing.
But how can you say that market is increasing form last 15 days as you can see all the top IT companies either going in loses or their profits are decreasing such as Microsoft,HCL etc. and as far as hope is concern my friend hope doesn't change the reality
ReplyDeleteAkash,all the companies are not in loss.They can have another issue.
ReplyDeleteDeepak I think it is not the sufficient answer but its fine, i will find out myself.thanks for your reply.
ReplyDeletePlease share that information with me.
ReplyDelete