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Sunday Post

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Posting after a long time -18th feb 18.

All news channels are full of PNB scam .Shares of nationalised banks including SBI crashed by 20% plus.

I like the way the share market behave.

Punishment is quick.

Shares of gold companies like Geetanjali gems nosedived..

Now it is said that market having discounted the shares of nationalised banks have moved on.

Indian market gets affected by global cues[US] value of dollar rupee exchange rate, oil prices andindian govt policies-read LTCG. The last was the trigger for collapse

of the market and small investors taking huge losses. Bank Nifty plummeted.Now shares of PNB and SBI are at lows of 258 and 271.Feel tempted to buy them if

they go down another 5-8%. It is far better than having savings FD in these banks.and becoming a pauper over time.

The way the stock market boomed, it was very unreal and this was a crash waiting to happen.

All middle class and senior citizen must be worrying about their FDs in these banks.

We have a Govt that cares. They will re capitalise these banks and banks will be flush again for more scams to happen.lol

It is the general public that worries about inflation which govt claims to be at all time low.

Yet Retail cost of vegetables do not reflect that.Still there are supply demand gaps locally driving up prices.

Best close ones eyes and enjoy the weather. Spring is around the corner.Bright sunlight with a whiff of good morning air can make one feel delightful
 
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