Do it yourself

 It was an unusually warm winter in the European continent in 1989. The western pacific was unusually warm due to El Nino conditions. Demolition of the Berlin Wall had just started. Under these settings the US President George Herbert Walker Bush and USSR General Secretary Mikhail Sergeyevich Gorbachev met at Malta, an archipelago in the central Mediterranean between Sicily and the North African coast, to discuss the end of the Cold War. The summit marked a watershed in the East West relationship. The summit was followed by formal end of cold war, completion of nuclear disarmament in pursuance of INF Treaty (1987) and dissolution of USSR in 1990-91. The apparition of the Second World War was finally liberated. The world looked forward to an era of peace, cooperation and progress ahead. The two decades that followed 1990 would see unprecedented growth in global economics. Global trade and commerce flourished. The highest number of people got elevated from poverty in the third worl...

  After showing some reluctance in the month of September, Nifty has resumed its uptrend and is sprinting rather quickly to regain the Mount 12K. Many global markets are also within reach of their highest levels in the year 2020. There have been numerous factors that have supported the benchmark indices to reclaim most of the ground lost in February –March earlier this year, but in my view, the following five events are particularly noteworthy in Indian context: 1.     The relentless fund raising by the Oil to Consumer behemoth Reliance Industries. 2.     Dramatic changes in the fortunes of healthcare businesses in the wake of the outbreak of COVID-19 pandemic. 3.     Revival in demand for IT services, especially due to dramatic changes in the work and travel practices, M&A deals and global realignment of businesses, markets and states. 4.     Strong liquidity in equity market, as many businessmen and professio...