Muhurat Trading And The Year Ahead


While it is generally believed that muhurat  trading ensures prosperity in the year ahead,the rise or fall of the SENSEX on the day of Muhurat trading has no correlation with SENSEX values in the year ahead.

For example,on Diwali Trading in 2012,the SENSEX declined half a percent but the benchmark index has risen almost 10% since then.

In 2010,the SENSEX gained half a percent on Muhurat day but declined 18% in the course of the following year.

In 2008,the benchmark index gained 6% on Muhurat trading and gained 92% in the course of the following year.


Comparing SENSEX Double Top of 2008-2010 With 1992-1994 Read more of this post

Marc Faber On Indian Equities

wealthymattersMarc Faber, the author of The Gloom, Boom & Doom report, spoke recently to Bloomberg UTV on the Indian equities and the global headwinds. Here are the key pointers from the interview:

On Indian economy:
– 2008-like fall will send dollar higher, rupee lower
– Domestic consumption remains India’s biggest story
– Growth in rural areas, population key driver

On Indian equities: 
– Difficult for Sensex to cross 21,000 in next 6 months
– Expect Sensex to fall 12000-15000 in near-term
– Don’t expect India to fall below 2008 levels – Markets got oversold in last 2 months
– Would accumulate Indian stocks on weakness
– May also look at investing in Indian banks
– Impossible for India to hit new high in next 6 months
– Banks continue to operate like hedge funds Read more of this post

Rakesh Jhunjhunwala on ET NOW

This is a video of a short interview of Rakesh Jhunjhunwala aired on ET NOW.I caught it on TV earlier this week.I thought of putting it up here for the actionable information it contains.So Gook Luck! But do remember not to be too greedy as even the legends can be wrong.

Rakesh Jhunjhunwala In His Own Words

wealthymatters.comBelow is a favourite but somewhat dated Rakesh Jhunjhunwala interview.I frequently revisit the article to read about how he started out.Every time I wonder  how I might be able to do what I want to do with so few resources,I find reading his story inspiring.Also I like his way of limiting risk,dealing with loss , having flexible targets and dealing with unfavourable opinions.The red ink is mine.It’s to highlight the parts I find interesting.As a side note,I also like reading the account of the 1993 blasts,if for no other reason than to remind myself about the spirit of Mumbai and the grit of all Mumbaikars. Read more of this post

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