Monthly Archives: March 2016

Markets sky rocketed today,the sensex was up by 438 points going to 25338 while the NSE was up by 138 points going to 7700. The FED Governor Janet Yellen has said that at present the FED will not raise interest rates and might raise it later. The Anti Dumping Duty on steel is extended but still local steel companies will not improve because many steel companies have lot of debt. The market valuations were cheap for long time so prices are moving up now.  There is a domestic institution participation in the market, the bad news seems to be fading out both in Europe and India. State Elections are due in April and May which is important for the ruling BJP this development is to be waited and watched.  Mr. Vijay Mallya the wilful defaulter has said he will pay Rs 4000 Crores by September out of Rs 9000 crores he has to pay the Banks. This is one of the reason for markets to go up. It is better to book profits periodically. HAPPY TRADING AND INVESTING.

Hai, Im back after a cool vacation in Coonoor with three lovely friends and my wife. The markets seem to be doing ok with corrections at the proper time. Today the markets started on a weak note but went up by 131 points the sensex reaching 24682 points and the nifty up by 38 points reaching 7499. The outcome of the Fed meeting due tonight has had a positive impact on the markets. Private Banks, FMCG and select technology stocks went up which helped the market rebound.Analysts expect the market to hit record high in the next financial year, though in short term it may remain rangebound. Vaibhav Kapoor of IL&FS feels Nifty could inch towards 9000 mark by March 2017. if the monsoon turns out to be good and global factors settle down. At present it is better to buy and book profits selectively in stocks as markets offer a good opportunity to exit. Tata Motors is one such stock were exits have been made by me. ITD cementation which is in the Infrastructure sector seems to be a good stock as Infra has been given impetus by the present Government. FMCG stocks will be a good stock if Monsoon arrives at the proper time. Banks will do well as the Jan Dhan Yojana seems to attract a lot of depositors. Banking will be a good sector to invest in as India as a country will attract a lot of depositors and Banks are bound to do well especially, Private Banks as they are out of Government control.HAPPY TRADING AND INVESTING.

Markets were down today, may be due to the profit booking. Quantitative easing by the European Central Bank is expected tonight. So,markets might look forward to it nothing much to talk about. HAPPY INVESTING AND TRADING.

Markets went up today with the sensex rising by 463 points to 24242 and the nifty rising by 146 points to 7368. The budget has been good giving maximum impetus to Agriculture and income tax slab have been unchanged. FDI has been provided in food processing Industry which will provide a fillip to Agriculture. The Asian Markets were also good which was a boost for Indian markets. Foreigners as well as domestic funds have been buying in the market thereby boosting valuations in the market. Many stocks have moved due to good valuations to buy providing an excellent buying opportunity. It is better to sell stocks which have appreciated post budget and keep on booking profits when the value rises. Better not to hurry take gradual steps. Happy Trading and Investing.