{"id":1572,"date":"2021-01-01T00:00:00","date_gmt":"2021-01-01T00:00:00","guid":{"rendered":""},"modified":"2025-11-07T10:36:45","modified_gmt":"2025-11-07T05:06:45","slug":"nifty-at-10700-so-what","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/nifty-at-10700-so-what\/","title":{"rendered":"Nifty At 10,700, So What?"},"content":{"rendered":"
<\/div>\n

Hi,
Let me start with a question today…
Which category of investor do you belong to?<\/strong><\/p>\n\n\n\n

    \n
  1. I will not invest now because the Nifty<\/a> has fallen to the 10,700 levels.<\/li>\n\n\n\n
  2. This is the best time to invest because the Nifty has fallen to the 10,700 levels.<\/li>\n<\/ol>\n\n\n\n

    Why do I ask this question? Let me tell you why I ask this in a bit.<\/strong>
    With what we are experiencing in the overall economy these days, is something extremely similar to what the economy had experienced in 2001-2002.<\/p>\n\n\n\n

    What are those similarities?<\/strong><\/p>\n\n\n\n

      \n
    1. Auto sales are down<\/li>\n\n\n\n
    2. Consumer sentiments are extremely weak\/poor<\/li>\n\n\n\n
    3. The growth rate is down<\/li>\n\n\n\n
    4. Banks are facing the NPA roadblock<\/li>\n<\/ol>\n\n\n\n

      And also take a look at the table below:<\/strong><\/p>\n\n\n\n

      Year<\/strong><\/td>Nifty EPS<\/a><\/strong><\/td>Growth YOY<\/strong><\/td>Year<\/strong><\/td>Nifty EPS<\/strong><\/td>Growth YOY<\/strong><\/td><\/tr>
      1999<\/td>61<\/td>-19%<\/td>2016<\/td>394<\/td>-5%<\/td><\/tr>
      2000<\/td>66<\/td>7%<\/td>2017<\/td>417<\/td>6%<\/td><\/tr>
      2001<\/td>69<\/td>5%<\/td>2018<\/td>445<\/td>7%<\/td><\/tr>
      2002<\/td>74<\/td>7%<\/td>2019<\/td>487.0<\/td>9%<\/td><\/tr>
      2003<\/td>91<\/td>23%<\/td>2020e<\/td>580-617<\/td>19-27%<\/td><\/tr>
      2004<\/td>136<\/td>50%<\/td>2021e<\/td>680-729<\/td>17-18%<\/td><\/tr>
      2005<\/td>165<\/td>22%<\/td> <\/td> <\/td> <\/td><\/tr>
      2006<\/td>187<\/td>13%<\/td> <\/td> <\/td> <\/td><\/tr>
      2007<\/td>273<\/td>46%<\/td> <\/td> <\/td> <\/td><\/tr>
       <\/td> <\/td> <\/td> <\/td> <\/td> <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

      How similar was it then to now? Extremely similar right?<\/strong><\/p>\n\n\n\n