Happy New Year 2016
Dear Investors, I would like to take this opportunity as part of PenguWIN family to wish you a very happy 2016. Hope you have come out of the tragedy caused by unusual heavy rains that rocked Chennai earlier a month ago. Hope such an event does not occur anywhere in the world. The markets were down from last calendar year to an extent of about 5.3% (Sensex) and 4.2% (Nifty). The fall in the markets...
Do you want to preserve or grow your money?
Dear Friends, Hope you are safe and well. Our sincere condolences to the people affected by the rains in Chennai and other locations. The impact of loss of property seem to be larger than the Tsunami that hit us in Dec 2004. Our office was inundated by water twice and damaged PC’s, UPS, furniture’s and racks. We are waiting to resume operations by this weekend as there is rumour that we might get hit again...
Mayhem in Indian Markets: Stay calm and this too will pass!
Dear Friends, Tight Integration with Global Economy has its own Pitfalls. Due to Chinese currency devaluation and growth worries, the markets across the globe reacted negatively. Indian markets were no exception and the Sensex fell by over 1600 points to touch 25,741 and Nifty by 490 points to touch 7,809 on Monday, 24th Aug 2015. Since 2000, the index has dropped by over 15% on 11 occasions and except for 2008 sub-prime crisis, it...