Nifty makes history, hits 10,000: The bull run decoded

It’s been a dream run for the world markets and specifically the Indian markets since the last seven months, especially post the Union Budget on 1st February 2017.  India seems to have all the ingredients for a multi-year bull run since the elections of 2014 – whether it’s the strong leadership of Prime Minister Narendra Modi or the various policy measures taken up by the government from time to time, the excellent and unprecedented PR exercise internationally that possibly has projected India as the most favoured destination. The pushing through of GST Bill, which was in the works for more than a decade, could be the single biggest achievement of the government as it needed a lot of prodding and ‘buy in’ by the various stakeholders, most of them occupying the opposition benches. The ability of the Mr. Modi to take risks and travel in unchartered territory also seems to have worked well with the public at large. The demonetisation hardships were converted into an advantage by the ruling party shows that they have a PR solution for every adversity. Financial Astrology Tips

The global liquidity normally finds it way into the outperforming emerging markets and India seemed to be a like a ‘text book solution’ for absorbing a part of this. Interestingly the new found domestic liquidity which lately realized that there are hardly any other asset classes providing the returns the equity markets are, have started pouring in larger quantum into the hitherto forbidden asset class. The mutual funds have made it easier for the lower end of the pyramid to partake in the India growth story instead of parking their funds in chit funds, pyramid schemes and alike. Markets generally discount the foreseeable future but at times react violently to unexpected current situation, just like when we witnessed those few weeks of turbulence during demonetisation. However, the big question is whether the smooth path ahead is a mirage or would there be huge bumps on the way. Having been in the markets for more than three decades, experienced a number of bull runs and longer periods of bear hug, I have trained myself to stand out of the crowd and ask questions which most of those ‘flowing with the tide’ might find uncomfortable. However, post the bull run, everyone starts drawing comparisons with previous bull runs which have blown out. Astrology and Numerology Trading Tips