Today
Hello Everybody, today Markets were flat. It was a Diwali week with fireworks in the Market and high expectations with the new incumbent Narendra Modi.The Markets had a Bull Run and reached stratospheric levels. That was last week. The commentary follows, Foreign Institutions have been pouring money into the Indian Markets. The total Foreign Investments in Equity segment in Asia from January to May 26th 2014 is USD 18.8 Billion. In that, India’s share is usd 7.8billion, Taiwan usd 6.3 billion and Indonesia is usd 3.6billion.
Thai equities were sold due to political risk. Mutual funds continue to purchase Indian Equities, Institutional Investors are slightly positive on China as well with it announcing better manufacturing numbers in May. Markets have reacted till now as Foreign Institutions are net sellers in equity in the four out of the previous five trading sessions.IT stocks which were down, today improved.Asian Stocks rose amid cues from US Economic indicators, and expectations of some policy action from the European Central Bank at its June 5 meeting. Start TRADING & INVESTING now, on account of corrections that have happened. HAPPY TRADING & INVESTING. See you next week.
Today
Markets today had a minor correction. It ended lower with the exception of Tata steel going up. It shows the cyclicals are up and the expectations from the New Government are more. Though the Exit polls show a positive for the NDA , the previous exit polls of 2009 and 2004 have proved completely wrong. We have to wait for the results on the 16th to know the actual position in the Market and the Government. Till then keep quiet and wait. Happy Silence till Friday.
Today
I was not there last week, so no post was there. Good Evening readers, elections are going on and results will be out on the 16th. By 12th we will be getting the exit polls. Till then, markets will be flat. Today there was a fall in Markets, due to selling in the Index futures by the FIIs. IT stocks are down, cyclicals are preferred investments. But, as of now everything depends on Elections. If Modi becomes Prime Minister, then the Markets will not react as they have already factored in the event. But, if Modi does not become then they will be lot of volatility. The Finance Ministry is to cut excise duties to the Auto sector beyond june. So, this sector is to be watched as it is down now with less demand. HAPPY INVESTING AND TRADING.