Today
Hello all, Bangalore is chilly but also cheerful as Lord Ganesha is coming to our homes. His blessings have also influenced the Markets. Markets have gone up recovering since yesterday. The investments by Foreign Institutions is more and retail participation is little up. There is a talk that Nifty might go to 10000, the other positive news is Ukraine problem is a bit less now.
The Prime Minister has been emphasising on financial inclusion which means to have many Bank Accounts opened. To include the mass in the Banking. This will lead to channelising the money into the mainstream which can be used for productive purposes. Banking shares might do well in the long run. Many shares are going up there is a broad based participation in the Market, giving gains to investors. HAPPY TRADING AND INVESTING. HAVE A NICE GANESHA CHATHURTHI.
today,
Markets were down today, it is just a reaction for the rise seen in the last couple of days.International Finance Corporation has sold a $2 billion bond to India, which is a vote of confidence for the Indian Economy. This amount will be used for various upcoming projects in the Private sector. The Advances were 1691 versus declines of 1291. Which shows that the over all Markets are still good and it is only the Index stocks that have come down. A good study has to be made before putting money, into any stock. HAPPY TRADING AND INVESTING. See you next week.
Today
Hello Everyone, I hope all of you are doing well . The spirits of the Market is calm and not much of excitement, except with few swings this week and last week. There are also swings of ups and downs in a day.
The undertone of the Market continues to be bullish with positive net inflows,and a fairly good earnings season. Fii inflows were subdued and there was a fairly good earnings season, but there were not much outflows.Usually if there is a FII selling in debt market it is good for the Equity Market but, the selling by FIIs in debt market has been insignificant. Another reason favouring Markets is recovery in rainfall. But, second half Monsoon is yet to be seen and the good thing is oil prices are sliding.
The bad news is Steel giant Tata Steel suffered a quarterly loss, which shows manufacturing and infrastructure sector has to pick up because these are large consumers of steel. FMCG stocks are up, they are usually so in a sluggish market like this. Such stocks are called defensive stocks. Bank Stocks have fallen the reason I suspect is, the sacking of Syndicate Bank Chairman were scandals might have happened in other Public Sector Banks. Capital Goods and mining stocks are also bad, which shows economy has to pick up yet.
Industrial growth slowed down to 3.4% YOY in June 2014 from annual 5% in May 2014.Advances were 745 shares and declines were 2041 shares. Markets will be range bound ie they are good for trading. HAPPY INVESTING AND TRADING.
Today
Hello Everybody, the excitement is over and reality has set in. Today, the Markets were down by 243 points and the rupee was at its 5 month low. Indian Markets followed European markets, the European Markets fell after a disappointing GDP, and weak factory orders from Germany. Asian Markets were also low due to tensions between Ukraine and Russia.
Software giant Infosys bucked the trend was up by 2% on reports that ex Infoscions Mohandas Pai, and Balakrishnan have urged the Board to consider a buy back, which has infused confidence in the counter.Apollo Tyres fell as its results were below Market expectations, which is a fall not warranted. 1494 shares advanced and 1480 shares declined showing the Market breath was good. It is the Insex stocks that have fallen.
Another positive development, for the market is LIC might invest rs 60000 crore in Indian Markets, it this happens it is a big boost to the Capital Markets. Now, Markets vary from day to day giving an opportunity to buy and sell stocks. It is good to take advantage of the situation and trade, HAPPY INVESTING AND TRADING. TRADE CAREFULLY WITH KNOWLEDGE. See you next week.