Aadar, Aadaab, Abhinandan, Abhaar! We’re back with the latest brew on the markets. Kaale Megha have arrived, but the taps haven’t opened in full force just yet. Yes, there was an occasional downpour in Mumbai, but lake levels are still sub-10% and just as we did in school, if writing Barso re Megha Megha a 100 times in a notebook would bring some rains, we’re ready to do that too!
If we were ever inspired to make a film on Wild Wild West, the protagonist and antagonist would both be South Korea’s benchmark, KOSPI. Twice last week, trading had to be halted because lower circuit limits were triggered and yet, the index managed to pull off days where it gained 4% and 5% as well. With only two stocks (SK Hynix and Samsung) powering its 100% upmove so far this year, such moves were also bound to happen as one smidge of bad news, and BOOM! That’s why the experts advice to never put all your eggs in one basket. How about Wild Wild KOSPI as a title?