Here’s wishing you a very Happy Diwali! Here’s the eighth edition of the Capital Mind Prediction Series, which tells you that it’s darn difficult to predict anything with reasonable success. Which is probably why last year I succumbed to the idiocy of making weasel rules – that is, making just two of three elements of Brilliant but Useless Predictions . What Happened In The Last Year Firstly, the markets went nuts. I mean absolutely nuts. The one year return, since last Diwali, on the headline Nifty Index alone, is 27% with the Nifty moving from 6,300 to 8,000. This has been a great year for stocks. The Biggest Sector Moves weren’t in the Nifty, really. Smallcaps did the best – over 58% since last Diwali, but Midcaps weren’t too far behind at 50%. The Nifty went up 27%. Outperforming everything else was Auto, which moved up over 50%. We really don’t know why because car sales have been flat through the period, and even though we’ve seen an excise duty cut, sales haven’t gone up quite that much.… (Read On…)
[via Capital Mind]
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