Happy 10,000! NIFTY reaches new heights..

Nifty made history today by breaking the 10,000 point barrier for the first time in its history and is a first for the Indian Stock Market to have its largest stock exchange by traded volume to achieve this feat. I am pleased that I too have participated in this run during its last mile, though I have also lost a lot (not by investing but by trading due to ignorance). I hope this new landmark can serve as a base for years to come.

The thing which we need to be cautious about it is whether the stock price growth is sustainable and whether the price of the share is aligning with the ground reality. In some cases the price seem to run away more than what the company is posting in its quarterly results anticipating a good future. I'm not of the view that we should be cautious but there is some point where future meets reality. One should be a bullish investor into this market as major reforms are happening in India. With the BJP in power in most of the states they are taking control of the economic policies. One thing which I didn't like is the farm loan waiver which has put a major burden on the state government's budget. The Election Commission should step forward and curb this viral disease which has been passing from state to state. 

The lesson I learnt today

I have always believed that greediness produces ill wealth and ultimately destruction. But today I'm surprised that even I fell for it today during my intra-day trading. This is one of those days when I thought of buying ITC stock at lower levels and selling it at a profit of Rs 2 per share. i got a profit of 10,000 Indian Rupees. A regular me would have stopped at that point and been happy with what I got. But it is stock market where greediness overtakes all other characters which you would have built for a long time within you. I put in another trade thinking I could not go wrong this time too. But as it happened I had to come out of the day with a loss of 1000 rupees. What I have learnt today is to be content with what we have at certain times in our life and not to be over confident. Another important thing is to respect the market. A market is a place for making money. Agreed. But there are certain principles which are to be followed. I believe I will learn from this lesson hereon and would be more careful and do the necessary before putting myself in.

My man Federer!

Congrats to my man Roger Federer for winning a record 8th Wimbledon title today!

What a player..! We should all be privileged to have born in this era of athletes like Federer, Phelps, Bolt, Messi, Ronaldo and Rossi. These sportsmen constantly raise the bar and prove that nothing is impossible in life if one puts his mind and heart into it. Today's win is a big motivation for me personally as Federer has proved that age is no bar in achieving goals. When everyone thought that he is finished when he lost last year, he took his time off, worked hard, skipped some tournaments and concentrated on the major one. It would have surely tough for a player of his stature to skip tournaments as he is not used to it and not to forget the tournament organisers pressure. Everyone would like to have him in their tournament, right? He made some tough decisions but has come out with winning colours.

I certainly hope he comes to Wimbledon fit again next year to defend his title just as he said in his interview. Well done Roger! You certainly have made yourself and your parents proud!

After a gap

I have been busy for a while and life has been hectic! I really didn't think I would get this busy during my second year of my MBA. During my summer holidays I had to do my internship and was fortunate enough to work as an intern at Metis Family Office Services in Chennai. Two months flew like anything and in the blink of my eye was sitting in the class of the seniors waiting for the first years to arrive.

Then I had my internship report to complete, CIMA classes in the morning, classes till 4 in the evening and then come to my room tired and exhausted. I am writing this post at 1 am early morning having our department fest the coming day. I am the event coordinator for Business Quiz and it's exciting and challenging to be a part of the fest. I really hope everything falls into place! I have always thought of writing my blog regularly but time is one thing I am feeling I am very short of nowadays. I have thought of writing my blog regularly and writing new posts even though it might be small. I want to share my opinion on some important events happening and a lot have been happening of late right from the crazy IPOs to the 12 NPA accounts which have been asked to find a quick solution or face the consequences by RBI. I hope this letters finds you all in good health and spirit. 

Good night!