Wednesday, November 12, 2008
Indian Stock Markets: Is It Absolute Madness ??
Couple Of days before China announced stimulus package- Indian stock markets crossed 10,000 levels. Lupin announced good news-stock fell. Sensex and Nifty rose on Friday-FIIs and MFs are net sellers on Friday-who are buyers on Friday and why are they buying? Volumes are falling-stocks are rising. When international rating agencies are aggressively downgrading GDP estimates, Indian stocks are moving upwards. When exports fell for the first time in 5 years, exports stocks are making gains. When textile sector is expected to cut 7 lakh jobs, textile stocks are gaining. Speculators are enjoying free ride and share markets became gambling centres in the last 2 days. Absolute madness! Will this madness continue? ( Your Comments Are Welcome....)
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