Growth Story: The Indian way
Indian Stock markets have witnessed an abrupt crash after a dream run in 2007. Maybe, the run up was a little too stretched and thus when FIIs decided to sell, it was all the way to bottom. It can be argued that the market was trading at all time high and one shouldn't have entered at the first place and sort of things. In hindsight, it may appear logical as well, but the bottomline is that the sensex is trading below 17,000 and majority of retail investors are in red, including the writer of this blog. And it is not just the retail investors who have lost heavily to the cheater 'Ambani', as some people call him deriving vicarious pleasure by doing so. Centurion Bank of Punjab has lost FORTUNES (mind it, all caps) to the tune of INR2.6bn (that translates to Rs 26 crore). The amount is significant as it is more than half the profits it earned in December quarter. However, the point i'm driving home is that some investors find an opportunity in flat market and do some va...