After the collapse of global stock markets and economic turmoil in 2008, 2009 came with hope. While we did not see the stock market highs of 2007, we managed to gain back most of the lost ground of 2008. In this article, we discuss the top 5 Sensex performers taken from different sectors. In other words, the stocks have been chosen in such a way that if a stock from a sector has come on the list, we have not taken another stock from the same sector and instead, chosen to focus on different sectors.
…if it is intended to be ‘buy and forget’! The two bear markets that we have seen over the past ten years – first at its start in 2000 and then near its end in 2008 – have demonstrated exactly how dangerous buy and forget can be. In the first bear market, which went on from February 2000 through September 2001, the BSE-Sensex fell 56%. In the second bear market, that began in January 2008 and seems to have ended in March 2009, the index lost almost 61%.
After last week’s robust performance, this week too major indices across the globe ended on a positive note. The Indian markets though, were not amongst the top gainers this week, and were infact the lowest gainers among all other markets. India’s benchmark index, the BSE-Sensex closed with gains of 0.4%. Part of the reason for this dull performance when compared to other major markets is the uncertainty surrounding interest rates and the Indian government’s anticipated policy actions with respect to curbing the menace of inflation.
