We are witnessing huge buying in almost every sector thanks to NaMo. A new era has just begun not only to India but also to Indian stock markets also. We are very hopeful that NaMo government will deliver on promises made.
Every sector has seen rise in prices in anticipation of reforms. Stocks have doubled investors money in a month and even then there are no signs of any meaningful corrections. This is a typical feature found in strong bull markets. We also know every 8 years in the past there has been bull markets and now we are expecting one in 2016. As said earlier we are hopeful that NaMo will deliver, which if takes more time than markets expectations then we might see some corrections. May be this is the rare time to see retail investors waiting for a correction to enter !!