SENSEX 19444.84 121.04 (0.63%)NIFTY 5908.35 38.25 (0.65%)
| Returns - BSE Sensex | |||||||
| YTD : | 25.82% | 1 Week | 1.10% | 1 Month: | 1.40% | 3 Months: | 3.60% |
| 6 Months: | 14.40% | 1 Year : | 23.60% | 2 Year : | -2.90% | 3 Year : | 11.70% |
However said, Sensex did well to clock 26% returns this year with traditional heavyweight stocks like RIL hardly doing much. Telecom went through a serious of turmoil and uncertainties. Fundamentals aren't compelling even now for a long term investment. Markets are still not ripe for a 40% return scenario, for someone with a 10-15% return expectation, this would probably be a good market in medium term.
This year would probably see me blogging much more frequently with fruitful ideas. I hope you may have benefited from my recommendations in the past. The sell call on Orchid Chemicals at Rs 302, buy call on Power Grid at Rs 100, Repro at 128 etc. Having said this, this year is personally upsetting looking at the way we are ending it. Look at the events marking India this year: FII confidence moved southwards after 2G spectrum scam(if one may call it so). What happens to investments done by some of the new telecom operators like Uninor, MTS etc is yet to be known. Anna Hazare moved an independent motion on anti-corruption. But what made things worse is the gang rape of a 23 year old girl in national capital. Anger, tears, emotions flowed across Indian families post the demise of the victim.
India needs serious branding and makeover with stronger policies and actions across issues of importance. And this should start with a stronger primary and secondary education system. I hope government and the people at large wake up and unite to build a new India of prosperity where people get a sense of security, safety, improved standards of living and a cleaner today free of systemic rot!
