Market is going to be much cheaper next year. All the shares are going to be available at half the price they are now. Primarily for the following reasons.
i. Industrial growth is going to slow down by more than 2% due to economic slump along with GDP. Sectors taking a major hit are - real estate, aviation , hospitality , auto, metal, FMCG, retail, Pvt. banks (miniscule deposit and virtually nil interest income due to no loan takers) and to a large extent engineering goods. Pharma to remain neutral to slump - best buy in dips.
ii. Crude going to come down further to USD $20 per barrel - due to slowdown. Major beneficiary - PSU OMCs including ONGC (subsidy burden equivalent to nil). Major loser RIL - GRM being badly hit.
iii. Post skirmish with Pakistan (may begin as early on 25/12) which may blown up to full scale war and if US and its allies join in and China on the other side with Pakistan, may begin the onset of WW III, the overall economic situation across the globe going to be bad for 5 years at the least.
