MADURAI: The Corona pandemic is a total pandemonium across India. Industries, factories, offices, tourism, shopping malls, trains, hotels, buses, shops, eateries, public places and everything remains closed due to COVID-19 lockdown. There is no income, no full salaries and wages, no money to spend for crores of employees and in sectors of India from March 2019.
But, the ‘share market’ is rising. Or to put it right, the Indian stock markets are rising, the SENSEX and NIFTY are touching highs. Daily they are in Green when everything is in Red for the economy. So, it is time for stock market investors to be alert because companies trading in the stock market have no earnings, there have been no sales as expected, no turnover, no balance-sheet to show that the company is earning profits.
The role of artificial orchestrated rise comes into mind. There is a simple logic to ask a question of how stock markets can keep on rising when the Indian economy and Indian families have no income. Ofcourse, the same is globally. So, it will be prudent for share market investors to be cautious. They should not get trapped in Modi magic. Hype and hope are different from reality. When the actual results of each company are declared in the next one year upto April 2021, the news will be bad because sentiment is different from economics.
Be alert, be selective when you are investing or buying a company shares. PM Modi or his government will not pay you back for your share market losses, but the ‘A’ will make money from your pockets.
Is India going to see a 90s Harshad Mehta type collapse because hype remains a threat. India is not shining now. It is the fact of experts, economists and eminent persons. Take care of your cash. Otherwise the stock market will encash out of your innocence. The Sensex and Nifty will collapse when the true picture is out in the end of 2020. Whether you want to collapse in that stock market rush and lose your savings is your choice.
See the Sensex and Nifty points on 28th July 2020. Study the fundamentals.
