Stockmarkets: Chilly at the top!
The benchmark Sensex having re-done its gravity defying act for the second time this year, investors need to carefully analyse their portfolio and gauge its riskiness with respect to their own risk tolerance levels. While valuation of companies have seen a re-rating in the last couple of months (after the crash in May), there are several macro-economic factors that seem to contradict the sustainability of the same.
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Additional Readings:
- Will Tata-Corus deal go through?
- Technically speaking - If the Sensex crosses 13K, trust the benchmark to rally once again to vertigo inducing 25K levels within a couple of years. Otherwise, be satisfied with modest gains or even some losses.
- Equity: Sparklers for your portfolio - One of the lessons coming out of the June 14 debacle when the market slid to 8,900 levels is that the Indian markets have developed resilience. Domestic mutual funds and institutions have the wherewithal to support the market and the FIIs can provide speed or momentum at best. In fact, from January onwards, FIIs have only invested around $5.1 billion as compared to $10 billion in 2005.
- Crisil: Creating ripples - Crisil’s rating standards are used as benchmarks, both domestically and globally. Its transition from a mere ratings service to a comprehensive knowledge-based solutions provider can be a major driver of earnings.
Off-Topic Readings:
Parting Thought:
- When the whorehouse burns down, even the pretty girls have to run out. - Warren Buffett
