April 2018 – Indian Stock Market bounces back

April 2018 – Indian Stock Market bounces back

After the correction in the markets that set in post the budget session following Global trade war, Crude Oil price increase and stress on financial assets due to expected interest rate hikes, markets had a sharp bounce back in April. SENSEX recovered more than 5% in April almost getting back most of the losses in Feb & March. Our portfolio has managed a growth of 10.20%, which was possible due to our strong portfolio of stocks. Investments into Specialty Chemicals, Metals, Electrodes, Graphite & Carbon Black helped us have the enormous edge of giving almost double the returns given by SENSEX to its investors. Private banks facing challenges with their CEO’s, Election year volatility is likely to bring more volatility into the markets. Markets are likely to touch lows once again before turning bullish. The next visit of SENSEX to 32500 levels will be a good opportunity to invest into the markets as it will be a base and give immediate gains.

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Ramesh Sigamani

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