Time To Enjoy A Slow But Steady Market Ride
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They are the ever-green ones, you can also find them as ever glittering gold—I am talking about the stocks of Indian IT companies. The fourth quarter results of the IT majors have brought smile on the faces of our reader-investors; I take this opportunity to tell you to hold your investments in these stocks, the results of the first quarter of the current financial year will help most of the IT stocks to sizzle further. Also from here, the IT companies have the necessity to transform themselves and also make most of all the digitisation related developments within India and also beyond geographical boundaries. While we have intensively researched and prepared two cover stories on the road ahead for the IT companies and future of IT stocks, you may also find it worth going through the exclusive interview of IT czar, Mohan Das Pai, one of the most prominent names associated with India’s IT revolution, kicked off way back in early ‘90s.
Meanwhile, our research team worked hard to find out if it is still wise to invest in precious metals like gold and silver. The report inside covering various aspects of investments in the precious metals may help you to take the right decision. Before you flip through the pages, let me tell you that investing in gold still remains a right decision and it helps you to hedge against uncertainties.
Overall, the markets are moving slowly but steadily. On May 9, Sensex jumped over 400 points and the next day too, though marginally, still it moved upwards. I am sure, markets will touch their new highs once results of the first quarters are out somewhere in July-August. Stay invested till then. Presence of enough liquidity is yet again sensed in the markets even as the government asked PSUs to go ahead with their expansion activities which in turn, inject further liquidity in the system. All these strengthens value of your portfolio.
The national capital right now buzzing with the word ‘scam.’ Political parties yet again failed to rise above petty political discussions and passing the buck syndrome—the crucial Bills including GST Bill is yet to be tabled and cleared in both the Houses of Parliament. The wait is getting longer. Only ray of hope is brought in by the safe passage of Bankruptcy Bill. I will hope against hope to see, political outfits forgetting silly political differences coming together to work in the interest of nation building. A stronger economy is what much needed and appreciated.
The summer has started taking its toll. Some of the pockets across India have been battling with severe water scarcity and precious lives are lost. We are all looking at building up of dark clouds over our heads in the coming weeks. Rain is what the country needs this monsoon, desperately. Stay safe braving the scorching heat. I will write back to you yet again during the last week of this month when monsoon will start its journey to India.