Nandu: 'Making tons of money'--Well,the jury is still out on that one,however as they say 'you win some,you lose some',only time will tell what is left at the end of the day.
I think the market will pull back as the elections gets closer,the rally may last a few more weeks is what the pundits are saying.
One interesting thing I noticed in the market is sector rotation,from Software,pharmaceuticals and non-durable consumer goods sectors to the thus far beaten up commodity sectors; cement,aluminum,petrochemicals et al have come back to life.Companies like Reliance,Gujarat Ambuja Cement,IPCL,Larsen & Toubro,Raymond,NALCO, etc are kicking butt.
My favorites now are L&T,Hero Honda,Global Telesystems,Himatsinga Seide,Raymond,NALCO,Reliance,Munjal Showa,WIPORO and a few others.
As soon as online trading becomes legal in India and as most of the stock goes into Demat form things should get very interesting in the Indian markets. I heard Motilal Oswal out of Bombay is going after retail investors big time,starting next month or so they will start a big TV ad campaign (first time in India by a Stock Broker) to attract more retail clients.
Anyway I can tell you one thing though and that is I am not getting much sleep these days. |
