DON’T LET FEAR OVERTAKE  FUNDAMENTALS

I think there is some positive co-relation between BSE Sensex and our Indian cricket both are on a loosing spree. To increase the pain of Indian cricket fans, Mr. Maxwell retorted that our batsmen are selfish. Thank god he has no clue as to how our parliament functions and how many ‘critical things-to-do lists’ are pending with our politicians.  On Wednesday, 20^th Jan, by the time India was given a target of 349, our Sensex had already made a double dip of the same number. Though it recovered 200 points, it closed down by some 400 points for the day. But what went wrong, RIL gave good numbers and will keep doing that till oil keeps falling. Tata Elxsi and Axis bank reported 40% and 15% in net profit respectively for third quarter results. But all went in vain as tons of Dhawan and Kohli and equities ended 20 month low.

But was this just fear psychosis, if some sad new comes from Europe or some uncertain data from US and not to forget our immediate neighbor, China sneezes coughs or even hiccup’s, our indices tumble. And the next morning, pink papers show brokers and investors staring at falling indices instilling fear further into their mindset. Our benchmark indices only exhibit what is happening worldwide, to keep a check on our own domestic stocks, quarterly results need to be viewed which have started pouring in from second week of Jan. Every company will not perform like Rohit Sharma or Virat kohli. You have to give time to get results like what we saw yesterday in Dhawan’s innings. Like in cricket we say, form is temporary, class is permanent, Indian economy is just out of form, it has lot of class and we’ll see it in the coming quarters.