Dangerous To Time The Market

When you will be reading this story, in any form (print or digital), we must have entered the new Vikram Samvat 2076 and we will be witnessing a laying down of a solid foundation of a long lasting bull run in the Indian stock market. Actually that will be a continuation of what we saw on September 20, 2019, when the finance minister (FM) Nirmala Sitharaman in her last of the four booster doses announced a hefty cut in corporate tax rate and we witnessed one of the highest gains in the benchmark indices Nifty and the Sensex. Though the benchmark indices of the markets have returned only nine per cent (Sensex and Nifty gained 3,157 points and 1213 points respectively) during current Samvat year 2075, which will end on October 27, 2019 (this story was written on October 21), the stage of optimism is being set in such a way for Samvat 2076, that all-time peak level achieved by frontline...