Efficient market theory is one of the key theories of modern finance. It challenges the concept of value investing.Widely taught in all Ivy league universities, it says that its impossible to beat markets consistently as markets are super efficient in capturing all the relevant and latest informatio [...]
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Hello readers, This is very interesting times for the Indian market with the markets (Sensex and Nifty) touching new highs in recent times (22700 and 6800) with gloom and pessimism being replaced by optimism and hope. The NAMO victory is already discounted in the market prices and any negative surpr [...]
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Hello readers, How Indian markets performed in 2013 vis-à-vis my 2013 Forecast: Before we get into 2014, let’s look back and see how the Indian markets performed in 2013 vis a vis the world markets. The Sensex was up by 9% with respect to 2012 closing levels (from 19426 levels to 21170). American [...]
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Hello readers, Victor Hugo – the most famous French writer once said” All the forces in the world are not so powerful as an idea whose time has come”. “Indian economy growth story” is the idea I am referring here. I continue to be a big and unabashed fan of the lon [...]
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Hello readers, This is testing times for Indian economy, market and the growth story. Some of the leading economists, market experts and industrialists have written off India growth story and its potential to become a super economic power in next few decades. These experts who had been so bullish ab [...]
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Hello readers! This is interesting times for Indian economy and stock markets, post the budget. People (including me) had high expectations out of Chidambaram’s budget which failed to deliver on many counts including bold moves to grease the economy and markets. For example, it was negative or [...]
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Hello Readers, Mr.Chidabaram is coming with the last budget of the UPA-II government on 28th Feb and he would be carrying a high burden of expectations from the investors, industrialists and common man. Whether he will be able to deliver for all would be something which everybody is waiting with hel [...]
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Hello readers, Wish you all a very happy and wealth generating New Year -2013. How Indian markets performed in 2012 vis-à-vis my 2012 Forecast: Before we get into 2013, let’s look back and see how the Indian markets performed in 2012. The Sensex was up by 26% with respect to 2011 closing l [...]
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Hello readers, I continue to be a big and unabashed fan of the long and medium term potential of Indian economy to beat all the other nations hands down in the coming few decades , despite our political leadership and bureaucracy. As we speak the foundations of the great Indian Bull run are bein [...]
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This time , I am going to devote some time on the India growth story which everybody including the big investment banks, FIIs , and our own domestic industrialists in their wisdom had almost given up.I would refer you back to a blog I had written on 25th June 2011 on the topic “Biggest growth [...]
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2012 Budget has come and gone as an non-event this Friday(16th March). And so has the critical RBI policy announcement a day earlier on 15th March and critical state elections results including UP elections. One interesting fact is that market had been anxiously waiting for these 3 events as major p [...]
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I had predicted a good year for equities in my forecast for 2012(published on 31st dec 2011) with sensex going to the levels of 20000 to 21000 by the end of the year.I also had predicted that some strong businesses(My top 10 stock picks in the same blog) in specific sectors like Banking&Finance, [...]
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