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Happy Diwali

Today is biggest festival of India - Diwali: Festival of lights. On this festival, Hindus celebrate for 5 days by lighting houses, temples and get blessings from Lakhsmi: Goddess of Wealth.

What better way to celebrate the festival and pray for well-being of whole world than getting confidence back in the stock markets. All the major stock markets across world shot up by 5 to 10% in one day. Let's hope (and pray) that this is turning point for the markets and worst is behind us.

Since this is festival of India, here are some bargains on Indian stock market which should provide solid returns in next 2-5 years:

  • ICICI Bank
  • Reliance Industries, Reliance Communications (or Idea or Bharti)
  • Wipro, Infosys, TCS
  • Larsen and Toubro
  • Adlabs
One who has courage to take plunge in this market would definitely reap the rewards in the long run

Good luck and Happy Diwali !

/Shyam

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