The highest bull markets in any nation happen when the economy moves from 2 Trillion to 5 Trillion.
1) China took 5 years to go from 2 Trillion to 5 Trillion (2004-2009) – During this time the Hangsang went from 8500 to 32000 – A 4 times gain.
USA took 11 years to go from 2 Trillion to 5 Trillion (1977-1988) – Dow Jones between 1977 to 2000 went from 700 levels to 12000 – Gain of 15 times.
Japan took 8.5 years to go from 2 to 5 Trillion (1978-1986) – Japanese stock market between 1978-1991 went from 2000 to 37000.
So historically the mother of all bull markets in any nation starts between 2 Trillion to 5 Trillion!
4) India and the Indian economy is just getting started. The next 5 to 6 years are extremely important for the Indian economy.
Stop worrying and fasten your seat belts and start creating wealth by compounding over the long term.
The writer was director, Tata Sons and vice chairman, Hindustan Unilever during his career
The disconnect between the fundamentals of several companies and their market valuations has widened over the last year.
While this exuberance may well prove to be justified for a few companies, for most, it will be judged to have been thoroughly misplaced.
Disruption is to be welcomed, it is a fantastic event. As history shows, the line between disruption and mania is thin—
remember Tulipomania (1636), the Mississippi Scheme (1719), and the South Sea bubble (1720). Nick Leeson’s last few trades brought the mighty Barings Bank down. Gordon Gekko could not imagine his protégé, Bud Fox, double-crossing him.
IMP Note for #ITC
“Committee is of the opinion that the FDI in tobacco sector albeit in a regulated manner would stimulate the production and processing of Indian tobacco thereby boosting its export.
Rerating Trigger ?
The Committee, therefore, recommends the Department to undertake a study to analyse the prospects of opening FDI investments in the tobacco sector at the earliest,” the report states.
Currently, FDI is prohibited in manufacturing of cigars, cigarettes and tobacco substitutes.
Quality tobacco at par with international standards is available in India at competitive prices and there is good potential for export of Indian tobacco to China. The revival of the phytosanitary protocol with
1. *Uday Kotak on FT Live today.* *_Key points:*_ 2. We are somewhere closer to the Investment cycle 3. Private Investment will go up either in 2022 or early 2023 4. Supply constraints and sustained demand pickup will propel New Investment Cycle @udaykotak#banknifty
5. We have now greater clarity on how Covid19 will do for the past 15 months and even if it is going to be there for a while, we have now ways to meet with it. 6. India fared much better than countries like NZ, Singapore on dealing with 2.0 wave
7. Credit Pickup will happen because the stressed sectors are already taken care of by emergency measures and PLI measures and other relief measures. So Financial Sector will have brighter days.