Friday, November 9, 2007

HAPPY DIWALI ! !

The Indian Stock markets closed in the red, on the back of weak global cues during the Muhurat trading session( A special one hour trading session on Diwali evening) today.

Further writeoffs and write-downs from global financial majors, and fears of a US slowdown that could affect emerging markets, led to a weak close.

Valuations of Indian Equities remain high( given the strong long term growth prospects), and are hence susceptible to sharp corrections if negative newsflow from global markets continues.

Over the next few weeks i will put up some research on a few Indian stocks that i track. These are stocks with strong fundamentals and growth stories which can be bought for long term investment in the event of a sharp market decline.
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