Of Sensex and Sentiments

BSE closed today at 19289.83 down by 111 points frm yes'day's close n this my dear frnds has resulted in a 2.3% decrease in my portfolio value. Except for Jindal Saw, all other stocks in my portfolio showed a downturn today. Profit booking is causing this down trend if we are to believe the analysts. Anyway, the R-pack stocks look lik thy r making heavy corrections. It would definitely be a gud idea to pick these stocks in the comin days if u wish to stay invested for a period over a year at the minimum. The market wud also see some slowdown in the month of december wen the FII's liquidate their holdings to pay out dividends in their home countries. Diwali season has played its role in the markets as diligently as it does every year. Except for a day, wen the Sensex dipped into the 17 thousands we have witnessed some phenomenal highs in the last month or so. Analysts around the world are yet to make up their mind on the forthcoming months. With diverse comments such as the Sensex touching the peak of 23ooo to comments abt a US slowdown to show a definite effect on the indian market analysts are predicting it all. But as thy say there is nothin more difficult to predict thn mass sentiment - the reason why friday seals the fate of even the most distinguished film-makers. One only hopes that the indian markets are not witnessing an "irrational exuberance" - the phrase made famous by Alan Greenspan, the ex-FedReserve chairman. Till we know tht for sure, ride the wave and make merry!!