Outlook India article: Market divorced from Reality

V

vinvest

Member
#1
#1
Link here.

From the article.

It shows how a few investors are contributing to a large percentage of the trading volumes in the countrys top exchanges. Is it surprising then that despite tepid corporate results for the first quarter, poor industrial data, inflation and rising interest rates, the markets are volatile, reaching 30-month highs and inching towards the 19,000 mark?
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Consider India Incs Q1 results. The top 100 companies listed on the bse posted a 22 per cent rise in revenues in the last quarter. However, operating profits only grew by one per cent.
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The skew is accentuated by the markets dependence on FIIsin the past quarter, domestic institutions have largely been net sellers with FIIs being net buyers.
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Lots of other interesting data in the article.
 
Capricorn

Capricorn

Well-Known Member
#2
#2
If the markets prove them right it will be called unparalled foresight, great analysis etc., if they turn out to be wrong the blunder will be quickly buried by issuing a fresh analysis. :rofl:

But then they have a rag to sell.
 
V

vinvest

Member
#3
#3
Capricorn said:
If the markets prove them right it will be called unparalled foresight, great analysis etc., if they turn out to be wrong the blunder will be quickly buried by issuing a fresh analysis. :rofl:

But then they have a rag to sell.
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Forget their predictions - what about the facts in the article?
 
bunny

bunny

Well-Known Member
#5
#5
vinvest said:
Forget their predictions - what about the facts in the article?
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Who told you facts are important? Only analysts tell so.

If you dig into archives of news and stock prices, you will find that news is always good on the top and bad on the lows. Is the good news supposed to be a 'fact'? The too the stock reverses.

There are so many listed companies in the market which as a 'matter of fact' have 'no operations at all' but you still see their price share touching upper circuits.
 
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