Friday, April 9, 2010

The Bull returns to 18K

Wall Street Bull Statue

The Bombay Stock Exchange has touched the 18K mark after 25 months. the Bull was on a roll last time in Feb 2007 when suddenly it was struck by the wave of recession and went below 8K from the booming 3rd largest global economy.  Plenty of discussions on recession issue were held and suggestions came from all around to cope up with it and march ahead. The step was initiated by Honorable Finance Ministers Pranab Mukherjee and P. Chidambaram in the General Budget over the last few years which targeted at inclusive growth and building infrastructure, though there were complains on price-hike in commodities and petrol-diesel. The stocks hav grown by 70% in the 4th quarter of 2009-10 as compared to the first quarter of 2009-10.With the Indian economy again booming now, the investors and dealers are careful this time. It is booming by 22% as to 17% in Feb 2007. The common gainers are the sugarcane industries and real estate whereas the Oil and gas companies continue to strive recovery. The common investor generally invests in mutual funds which is growing continuously from Dec 2009. Companies like Hero Honda,BHEL, NTPC, TCS  are making profits whereas Reliance Comm, DLF, ICICI Banks are stressed sectors due to losses. The Oil-gas and Banking sector continue to be datum in the stocks as the price in the international market is high and these secotors are also not getting much investors to improve there position in the market. Its imperative now to develop new schemes that aim at dealing this crisis. Friends, i need your ideas on this.

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