HomeNewsBusinessMarketsSAMAVAT 2068: Can this Diwali spark a bull market?

SAMAVAT 2068: Can this Diwali spark a bull market?

Manish Chokhani, N Jayakumar, Samir Arora and Akash Prakash discuss if like the previous Diwali which sent the mkt spiralling downwards since, will this Diwali be the turnaround point pushing the market up henceforth?

October 26, 2011 / 14:39 IST
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Last Diwali, at this point was almost where the market tipped over. That was when we started treading the bearish patch or went into the supposed bear market. At that time, we were high on Nifty at 6300 and 21000 on the Sensex. But since then, it has not really been a great year. Despite the rally of the last few days, we are still down 20% on the Nifty even as other asset classes have done very well- gold is up 20% and crude is up 25%. The dollar was Rs 44 then, it is Rs 50 now. So it

first published: Oct 26, 2011 11:38 am

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