The Indian cricket team might have got a drubbing of 4-0 in the recently concluded Aussie test series, but the Indian stock market investor can take solace from the fact that January 2012 has ended in a classic Shewag style last ball six with the market gaining 2.2% in the last trading day for the month. The lead was taken by none other than Shewag like ICICI Bank which posted some stellar results in the Q3FY12 earnings release that happened today.
This couple with support from other bigges such as RIL and HDFCBank, SBI and other key banking players aided the stellar closing for the day. With this, now the Nifty Index closed January 2012 with a 12.5% returns for the month, amongst it’s top monthly performance for a long time. And what a time to deliver it. To put things into perspective. 2011 January the Nifty Index closed with huge 10.58% negative and that had just started the leak which transformed into a huge flood and by December 2011 we have a 25% hole in the returns for that year.
With this strong pull back, as mentioned in the earlier rants, the tone for the year 2012 has already been set; so if the global macro situation just holds on a bit then we could end up with decent returns on the ticker. In the worst case, we could end up with single digit returns, which should pave way for a very strong foundation for a bull run over the next few years.
So now all booking are open for tickets for the February 2012 show.
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