1. Dalal Street is a fascinating would created by Mammon. The denizens of Dalal Street can apparently service without food and water. All they need is money to eat, drink, sleep and dream. The bulls, bears and investors are the king pins of the money game on Dalal street.
(a) The Bulls.
(b) The Bears.
2. Dalal street is a mute witnesses to the actions of bulls and bears for the uninitiated the behaviour of bulls and bears can appear down sight perplexing and even a trifle chaotic. The stock prices on Dalal Street punctuate due to bunk buying and selling by bulls and bears, the optimists and the pessimists. When the bulls are on the rampage, the bears run for cover. When the markets are in a beating, it is the bulls who club into their bunkers.
3. Every generation produces its own heroes on Dalal Street. They improve investors and move the market. HT Parech and Hari Kisson Das were the heroes of the 50’s and 60’s. Pradip Dalal and Mahendra Kampani were the stars of the 70’s in the 80’s you had Nimesh Karupani, Bhupen Dalal and Hemendra Kithani. Harshad Mehta and Nimesh Shah were the bulls of the 90’s. The market is over owned by their new money power and intrigued by their swift shrewd moves. Even a large mutual fund like UTI learnt a bitter lesson from them in 1990, when it deposed of its massive ACC holdings when the price was just around Rs 600. Thanks to the remarkable grip of these rampaging bulls, the ACC price shot upto Rs 3000/- within a few months after UTI sold out. After this fiasco, the market learnt its lesson; do not argue with success. Follow it.
4. During the last fifteen years, the stock market has seen several bullish and bearish phases . The market movements are measured by a sensitive index of 30 active stocks. This index, also romantically referred to as Sensex, is computed with 1978-79 as the base year. Both bulls and bears are essential to make the stock market what it is uncertain, and therefore all the more challenging without them there would be no diff between the Bombay stock exchange and Bharat Bank.
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(a) The Bulls.
(b) The Bears.
2. Dalal street is a mute witnesses to the actions of bulls and bears for the uninitiated the behaviour of bulls and bears can appear down sight perplexing and even a trifle chaotic. The stock prices on Dalal Street punctuate due to bunk buying and selling by bulls and bears, the optimists and the pessimists. When the bulls are on the rampage, the bears run for cover. When the markets are in a beating, it is the bulls who club into their bunkers.
3. Every generation produces its own heroes on Dalal Street. They improve investors and move the market. HT Parech and Hari Kisson Das were the heroes of the 50’s and 60’s. Pradip Dalal and Mahendra Kampani were the stars of the 70’s in the 80’s you had Nimesh Karupani, Bhupen Dalal and Hemendra Kithani. Harshad Mehta and Nimesh Shah were the bulls of the 90’s. The market is over owned by their new money power and intrigued by their swift shrewd moves. Even a large mutual fund like UTI learnt a bitter lesson from them in 1990, when it deposed of its massive ACC holdings when the price was just around Rs 600. Thanks to the remarkable grip of these rampaging bulls, the ACC price shot upto Rs 3000/- within a few months after UTI sold out. After this fiasco, the market learnt its lesson; do not argue with success. Follow it.
4. During the last fifteen years, the stock market has seen several bullish and bearish phases . The market movements are measured by a sensitive index of 30 active stocks. This index, also romantically referred to as Sensex, is computed with 1978-79 as the base year. Both bulls and bears are essential to make the stock market what it is uncertain, and therefore all the more challenging without them there would be no diff between the Bombay stock exchange and Bharat Bank.
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