The economy may be tanking according to most economists of repute; however, the recent upward spike in the Sensex gave many a cause of cheer. Every sector may be slowing down and showing signs of financial distress but hey, at least our mutual funds are doing OK for the time being!
The Finance Minister made announcements regarding corporate tax reliefs – and these days there seem to be announcements practically every day – were welcomed by the trading community and the stock market surged. This was the biggest single-day gain in over a decade.
People recalled stock market booms of times past.
…Investors were happy!
By 2 PM in the afternoon, the stock market had surged; changing fortunes every minute, every hour.
The stock market had been in the doldrums for a while now. This was what investors were waiting for.
Where there is a Twitter trend, the paragliding meme is sure to make an appearance.
They were over the moon!
While the Sensex was rising there were some stocks that remained stubbornly low.
Some wondered what was going on and why.
…Were simply savouring that get-rich-quick feeling.
Economists and market pundits are pointing out that the recent announcements appear to be attempts at undoing the damage caused by the last budget.
People pointed out that the recent surge does not make up for the recent drubbing of the stock market and the serious losses that so many sustained.
Looking at Akshay Kumar’s recent predilection for biopics; particular biopics with a nationalistic theme; this is a possibility feels this Twitter user.
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