My comment on Reservation issue in India

It's very sad to know what is happening back home. And no body is coming to support the poor students. No big political party is vocal against the fatal anti democratic decision taken by the govt at the centre.

This reservation issue is a political time bomb which will continue dividing and depriving us. Today it is in higher education tomorrow it will be applied for jobs in private companies and day after tomorrow govt will say one board of director should be from SC/ST/OBC...then Chairman...and the adamancy goes on.

If something one gets as granted or in legacy, one will not understand the value and continue to exploit the opportunity bestowed by politically correct biggies at the centre. Easily available water by no means would taste as sweet and refreshing one who gets after walking 1 km in sand in search for water. I read in a story in Std 8 course book.

The knowledge acumen of India for which we are getting all sorts of global attention will be soon lost because of the so called 'GOOD UNANIMOUS DECISION'. Sustainable economic growth of 8% inherently assumes the flow of similar or higher level of competitive people out of the educational system from India. I wonder what will happen to it. "I" will be removed from "BRIC" as the group of emerging economies.



I personally liked the economic policies brought up by the current govt but due to these major POLITICALLY CORRECT decisions I need to reconsider my faith on the efficacy of the alliance. If one does not have the subject knowledge one is not suppose to make any decision on the subject (Ref CNN IBN interview).

An American in my office asked me about the current unrest due to reservation and I was quite ashamed to explain him about the same and the govt decision that took place yesterday. He was having a good impression of India...I dont know what he thinks now....At the end I would say its a really sad thing to happen in the "Resurging India".

Chat of equity research analysts while analysing yesterday's India's defeat to WI (Btwn me and my fellow analyst friend)

Vikas says:

trend reversal (sehwag and kaif's batting) was not sustainable and volume (run rate) diminished in the post mid day session thats why bear took the charge and the market ended in red

sandeep says:

wht u call as trend reversal was nothign more than a blip. see when mkt falls some or other stock which has not performed well oflate tend to gain some momentum, with ppl expecting them to take leadership in changing the direction...

sandeep says:

but inherent weakness remains and stocks plunged becoz of tht...

Vikas says:

actually underperformers (sehwag and kaif) took the charge but the growth stocks (dhoni, raina and pathan) and blue chips (dravid) actually failed to deliver

sandeep says:

are we ignoring the fact tht other side of the mkt i.e. investors (here WI team) was also very accurate in recognising the performer and underperfromer in the mkt??

Vikas says:

quite possible

Vikas says:

and that led to very poor advance decline ratio

sandeep says:

haan

Vikas says:

and if the stock like reliance closes on a down circuit (dravid-0) it becomes very difficult for other stocks to counter the decline

sandeep says:

sahwag's knock was more like short covering..

Vikas says:

and infosys (yuvraj) was in short term o trade zone some restructuring (back pain ka illaaz)

Vikas says:

ya sehwag's knock was like reliance energy in which punters love to trade

Vikas says:

and hit a 10% upper circuit

Vikas says:

but underperformance of growth stocks (dhoni & pathan) further worsened the market

sandeep says:

indian mkt is trading inhigh PE zone , hence growth stock has to hav take charge... as in any growth mkt its grwoth stock which leads frm front and not value stock( dravid etc)..

Vikas says:

yes right, value stocks give the support to the strengthen the market

Vikas says:

and the bowlers failed to pull up the support level of the market as a whole (Indian inning)

sandeep says:

if more pressure built in overval