So today NIFTY fall was just around 1% (the base has increased heavily).
US 10 years bond have increased from 1.3% to 1.54%.
Maybe just a co incident, maybe something more.
Whatever it may be .... gave me opportunity to further add small amounts of quality stocks to my long term portfolio.
Market will hit 20000 when next set of quarterly earnings will hit the market (Because top 20 Nifty stocks has just paid around 47% more tax).
My statement is subject to assumption that Nifty will maintain its PE ratio and increased earnings will increase prices.
If market would be in mood to downward rerate of PE ...... then of course my statement will become null & void.
US 10 years bond have increased from 1.3% to 1.54%.
Maybe just a co incident, maybe something more.
Whatever it may be .... gave me opportunity to further add small amounts of quality stocks to my long term portfolio.
Market will hit 20000 when next set of quarterly earnings will hit the market (Because top 20 Nifty stocks has just paid around 47% more tax).
My statement is subject to assumption that Nifty will maintain its PE ratio and increased earnings will increase prices.
If market would be in mood to downward rerate of PE ...... then of course my statement will become null & void.