The last year 2017 was really successful and profitable for the Indian Stock Market. This time we can say neither any cricketer nor any movie broke so many records than that our Indian Stock market did. More than 100 stocks listed in stock exchanges proved...2018-A year of Pause or Persistence!
The last year 2017 was really successful and profitable for the Indian Stock Market. This time we can say neither any cricketer nor any movie broke so many records than that our Indian Stock market did. More than 100 stocks listed in stock exchanges proved to be a million dollar stock with stupendous returns. Only Kohli and Baahubali were the record breaks but in terms of stocks we cannot count them of fingers. We can put just examples here like HEG Limited, The price of this stock on 2nd January 2017 was 147 and on 29th December 2017 the price went to 2336 closed on all-time peak, the return was 1489% isn’t it believable. There are so many Maha Baahubali stocks outperformed in 2017.
NSE’s Benchmark Index Nifty 50 closed as a Marubozu on 2017 yearly candle, technically reflects highly bullish market.The impressive equity market returns and low levels of volatility in 2017 certainly took many by surprise, with global economic data beating expectations by the widest margin since 2010. Now Is 2018 more surprising than 2017 or it will take a pause in a bull run? What history says is after every yearly marubozu Nifty has taken pause or rise in a shallow range. It means in 2018 market again accumulates and take a breath!. Certainly the answer is not sure?
The Wall Street bank Goldman Sachs recently forecast about U.S. Stock market for 2018 and it says the market remains bullish and S&P 500 expected to rise 11% in 2018.The much awaited U.S. tax bill is likely to pass in the early 2018. The success (or failure) of the tax bill will have a significant impact on corporate earnings growth in 2018. If the statutory corporate tax rate is cut from 35% to 21%, the calculations suggest that S&P 500 earnings could grow by 13% next year. But its history also forecasts 2018 as a year with small gains with correction.
The interesting scenario in Indian market is that number of new traders and investors rising extensively in the last couple of months and in 2018 this figure will surely break records. Government reforms may also take pace as 2018 is the last Year for ruling party BJP to perform as Lok Sabha Elections will be held in the 1st half of 2019. The history may reflects a pause or small gain in 2018 but we cannot deny unexpected returns.