Today
The markets were up today the NSE up by 50 points reaching 7751 and the bse up by 174 points going to 25494. Everybody is looking at the fed were a rate hike is happening after a long time. Today Auto stocks were in action as Diesel vehicles are going to be banned in Delhi and the National Capital Region so stocks like Mahindra and Mahindra bore the brunt. The increase in FED rates will make the Indian Currency stable according to Riddham Desai. The fund inflow into the markets is quite low so the action in markets is very low.
A difficult market to trade stocks have moved up because they had gone down a lot its only trading taking place. Otherwise nothing much to comment. With the Climate change debate going on in Paris a lot of companies will be effected. Non conventional energy companies and companies which dont produce much carbon footprint will do well and companies which are dependent on fossil fuels and produce much pollution will be effected. Tommorrow I will give those companies names.Bye HAPPY TRADING AND INVESTING.
Today
Hello everybody, the markets have come down they are as damp as the cold weather in Bangalore.The sensex closed at 25036 down by 274 points and the Nifty closed by89 points to 7612. The uncertainty over the GST bill passing in Parliament is the main issue. Asian markets have fallen badly led by the decline in metal stocks, the US fed Reserve might raise the interest rates after a long gap which is a reason for nervousness in Stock Markets.
Auto stocks are confusing, as the urban population is buying automobiles while rural people,are avoiding auto purchases. The good stocks and defensive stocks are fmcg stocks were your money is safe and a moderate appreciation is there.As, they have a consistent demand.It is better to watch the markets trade cautiously.HAPPY TRADING AND INVESTING.
Today
Today the markets closed lower. The BSE Sensex closed 231 points lower at 25886 and Nifty closed 67 points lower at 7864.The unfortunate floods in Chennai will affect automobile Plants so the operations to result in normalcy will take time in the Auto Sector. The much awaited Goods and Service tax might be passed with the opposition co-operating.
Though not noticeable in our daily life, it is said that Inflation has come down and consumption has gone up.Examples are petrol has become cheaper and the sustained demand by cars and scooters has increased its demand.This might lead to appreciation of auto stocks. As aviaton fuel has become cheap there is a 20% increase in Airline traffic which will lead to surge in Airline stocks.Banks stuck with sticky loans are lending to retail more.
Thus, stocks like FMCG, Paints, Consumer durables,will go up due to more demand as more money is there in hands of people. The opinions are mixed some people say the results of companies are lack lustre so Markets will be mixed so we have to watch particular stocks only to make gains. HAPPY TRADING AND INVESTING