How to play Modi rally?
Thought for the day “It is greed to do all the talking but not to want to listen at all” -Democritus (Greek, 460-370BC) Word of the day Gelt (n) Money (slang) (Source: Dictionary.com) Shri Nārada Uvāca With Tata withdrawing and Mahindras not too keen, will the new bank licenses be a non-starters? How to play Modi rally? The current market conditions present a classic dilemma before the investors in Indian equities. There are reasonable indications to suggest that the global equity rally may extend little further into the summer; and along with this Indian markets may also show strength notwithstanding the fact that the trends in macro fundamentals of Indian economy may not suggest any improvement in 1H2014. The actual corporate performance has been better than pessimistic expectation in September quarter, but still no one believes it to be sustainable over next couple of quarters. Prospects of Narendra Modi forming a pr...