Monthly Archives: June 2015

Markets were up today,with the sensex up by 166 points going to 27895 and the Nifty up by 37 points going to 8398. The Markets seemed to have shrugged off Greek crisis despite the Nation not reaching a settlement.There is an ongoing correction in Chinese markets, as they seem to be overvalued so FIIs might relocate their portfolio to India. Domestic Institutional Investors are outbeating Foreign Investors by buying stocks. Infact with more sales made by Foreigners it has been absorbed by Indians, so the markets are keeping in good health. The world over steel production has declined by 2.1% except India. So, steel stocks have to be watched out. Today was the last Thursday the end of account, but the markets which were little dull in Morning recovered later and its positive. It is good to be cautious and book profits periodically and enter value stocks at intervals. HAPPY TRADING AND INVESTING. P.S.Yesterday ie Wednesday article has come today as i was unwell thanks.

Good Evening everyone its raining in Bangalore making it difficult to go home with a creaky Infrastructure. Markets were good today with the rise in 30 share bse index by 146.15 points rising to 26832.66 and the 50 share Nifty rising by 44.25 points to 8091.55. It has been more of a relief rally which had been depressed for a long time.The Government has notified hike in import duty of steel products which led to a rally in steel shares from 2 to 7%.The workers of Tata Steel in UK have proposed to call off their strike to rework the pension plan which led to, its rise. The US Federal Reserve is meeting today to discuss the Rate hike, which is expected not to happen. The Markets all over the world are focusing on the Federal Reserve. The markets are behaving technically there is no good reason to go up or down.But, it is better to stay alert as there are a lot of buying opportunities. HAPPY TRADING AND INVESTING.

Markets were up today,the BSE was up by 359 points going to 26840 and the NSE was up by 102 points going to 8124.It is basically the small and mid cap stocks that are moving up. If you observe the index from the past week we see, a revival in some stocks. it shows that, there is a buying taking place in some stocks.That is why we see, some mid cap stocks and small cap stocks moving up. The FMCG stocks have not moved up, may be due to a pessimistic feeling of monsoons. Monsoons, have started a right time in Kerala, but it must continue to do so. Sugar companies moved up due to a Rs 6000 crore package given to them. There is a lot of buying taking place in Mutual Funds, which is one of the reasons for the Markets to move up. Markets were beaten down for a long time as the expected failure of Monsoons and a news of a draught like situation is prevalent in the country. A lot of liquidation has taken place probably because of the position build up in the last year. Markets of the US have improved due to their improvement. Greece is still a crisis which has not got out of the mess yet. The quarterly results of companies are not that good improvement has to come from that quarters. We had a continuous run up in 2014 so, we are having a downward trend now.So, it is natural for the markets to correct itself which is happening now. One should be very selective while trading or investing now. HAPPY INVESTING AND TRADING.

The market ended lower today the sensex falling by 23 points to 26813 and the Nifty by 4 points to 8130, there is a fall in the market since wednesday  the 3rd of June 2015, there has been a free fall since then. the RBI cut interest rates in its credit policy on 2nd June 2015. Ever since then the markets are in a tailspin due to the selling pressure from Institutions. The Governor also stated that a draught will be there if the Monsoons fail, the MET department has stated that there will be a failure of Monsoons this time which will lead to draught like situation. This will lead to less buying power specially for FMCG commodities leading to fall in sales which in turn will lead to fall in Stock prices. The rate cut were not in line with Market Expectations. With the Governor stating that the Monsoons will be bad this time effecting the Economy selling has taken place. The quarterly results have been very bad which again has beaten down Market sentiments. Any buying has to be done carefully with long term prospects in mind. HAPPY TRADING AND INVESTING.    

Todays post will come tommorrow ie Thursday 04/06/2015