Monday, January 25, 2010

India Stock Exchange: Time for Course Correction?

For the fifth continuous day, stocks fell in India. In the last 3 months, this is the longest time that this matter happened. In the last few days, we have seen reporting of last quarter results 2009 of different companies. Well, for Indian fiscal year, these results were of the third quarter. Some of the big companies that do that well and was below expectation level.
In 2009, Indian government injected some money in the economy with its stimulus package. Most probably, the government is not going to do that in 2010 and that is why, some investors are worried about the future.
I personally think that it is the time of course correction for Indian share market. The shares of some companies have increased sharply and it is time that things get back to normal.
One good thing is that some of the large government organizations may enter the share market this year and it can further boost the stock exchange in the country. 

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