The markets bounced back after initial fall . It had to do so . The World has come a long way from 9/11. The Paris strikes is a reminder of what India faced at Mumbai . It reminds us that the world is not a safe place . It whispers fear into our ears . It injects distrust in our hearts .
But humanity is a great survivor . Terror thrives on fear. It wants us to be scared. It wants us to think in terms of we vs they. It wants to divide us in groups.
The world markets are now much more mature than that . If financial markets are a barometer of fear, yesterday it showed that we will not be scared.
Indian markets also bounced back in the second half . We can expect sideways movement today . However as already mentioned we are in a market which is in a correction mode. We will see short spikes and share specific actions . But the economic scenario remains cloudy at best . The exports are coming down and the Government has to do something about it.
The good news is that the Indian Government has listened to the wake up call from Bihar . They are pushing through a lot of reforms in earnest . All this should catapult India into a stronger growth trajectory .
With China slowing down the World needs India to grow faster . Run India run! The World is watching you. The stakes are too high.
On specific shares Nestle looks good . With Maggi coming back we can expect a more vibrant Nestle. Also the company has paid a high price for the learning from Maggi fiasco.
This learning should make them stronger and reduce the probability of such events in future .