2007 A Good Start For The Indian Stock Market

Ah! after a long time here i am before you updating my blog finally. This time i thought of writing on something new. So here we go you this is for the very first time that i am writing about Finance or economy or something not related to the usual offbeat news, this may not turn out to be so good but what ever it is i would love to have your feed backs. Well i am from India and the Indian Stock market like we all know is booming like no other but unfortunately i cannot join the bull rally as i am just 16 but that doesn't stop me from writing about it. Well this year started pretty well as far as the Indian Stock Market is concerned, the BSE(Bombay Stock Exchange) small-cap index appreciated 15% in the whole of 2006, it went on to rise 4.34% last week. Man thats a quarter of the yearly gains that have come up in just one week of trading. And if the current trend continues, more could be in store.

There was another group of stocks that did well recently, in fact they have collectively done better than the markets they are none other than the 26 new recruits to the burgeoning derivatives. Since their candidature was announced on December 20, these stocks have risen 12 % on an average while the Sensex rose 3.90% and the BSE (Bombay Stock Exchange) small-cap rising 8.6% during the period. The star players were Sesa Goa (45%) and Aban Offshore (38%). And ya their were some stocks which declined too(thats obvious) and amazingly of the four stock which declined two were sugar stocks.

The Sensex finished at 0.5% higher for the week, ya there was some lack of luster in market's performance one of the ostensible reasons for that might be that this was a holiday shortened week globally and the fund managers across the globe were still in transit mode in their company paid holidays.