Majority Indian retail investors, like any other global equity investors were caught by surprise looking at the ferocity of the current rally. Many are waiting are the sidelines while few jumped in. A correction at this juncture will not only be considered as a life time oppurtunity but also it surely checks the health of the D-Street.
Punters and speculators are all over the street and SMS continue to flood in with messages like "No Questions. No Answers. Just buy this stock". Lot of
pump and dump schemes are running successfully. Don't get caught in the traps. While trading definitely might result in quick bucks. Getting in a illiquid stock might land one in trouble of getting stuck for years.
Indian economy is undoubtedly recovered extremely quick and fast enough but sustaining the growth for a longer period is what should be the major task of the
government. We witnessed a gust of foreign funds which created excess liquidity in the system and still not sucked in by RBI measures. Food inflation is still
at alarming levels.
Stocks to watch today : Rain Commodities, Mic Electronics, NIIT Technologies for 3-5 pct gains