Why I am looking forward to SRT's retirement
Nov. 17 (Bloomberg) -- Sachin Tendulkar, the highest scorer
in international cricket, may be capable of lifting India’s
share market, if history is any guide.
The CHART OF THE DAY shows that the Bombay Stock Exchange’s
Sensitive Index rose 76 percent of the time after Tendulkar, who
celebrated his 20th year in international cricket last weekend,
scored at least 100 runs on home soil in the past decade.
The
Sensex has risen each of the past seven times he’s reached a
century in India including his 175 against Australia on Nov. 5.
“Sachin is the God of cricket,” Jagannadham Thunuguntla,
head of equities at SMC Capitals Ltd., said in an interview in
Mumbai. “When he plays a good innings even the gods smile and
maybe they bless the markets. Also, our mood is better after
seeing a Sachin knock.”
The 5-foot-5 Tendulkar, 36, known as the “Little Master,”
is currently playing in his 160th Test match against Sri Lanka
in Ahmedabad, western India. He scored four yesterday.
Statistics on Tendulkar’s hundreds were taken from ESPN
Inc.’s cricinfo.com. The Sensex has risen 76 percent this year,
on course for the biggest rally since 1991.
Now I know who to blame for my inability to buy a decent house in Mumbai.
With stock markets booming over the past 2 decades, this non-believer (in stocks) and perennial
bear could never afford a house amidst booming property prices.
Guess I'll have to wait another 5 years to buy that dream house when we enter a
permanent bear phase (?)