Today
Markets were up today, being the last Thursday of the month rollovers took place. Markets are looking at the Bank of Japan interest rates. On the whole markets are good showing an upward bias. Results of companies are ok not spectacular but, the feel good factor is keeping markets going. I personally think markets are over valued, a lot of IPOs are coming to the market which will suck liquidity out of the system. Profit booking is bound to take place. The stocks which have gone up are mid caps and small caps, which usually go up when there is a boom. The boom is here now, were people might start feeling that I have missed the bus. But retail investors are not in the market, the only players are mutual funds and large institutional players. Today, the sensex was up by 184.29 points at 28208.62 being the BSE and the Nifty was up by 50.5 points at 8666.3 it is better to book profits periodically. HAPPY TRADING AND INVESTING.
Today,
The markets were down today the BSE tanked 205 points touching 27710 and the Nifty tanked 56 points touching 8510. The markets were over valued and the results of 1st quarter are not that good. Banks have been pulled down because of NPA s results of Wipro and Infosys have been bad, software firms who have concentreted on Europe are facing a problem due to the recession there. Cement stocks seem to be doing well due to high demand. L&T Infotech opended in the negative today defying all market expectations. But over all markets seem to be good, due to the good Economic conditions manufacturing companies might do well. HAPPY TRADING AND INVESTING.
Today
Markets were flat today, the sensex rising by 7 points to 27815 and the NIFTY GOING DOWN BY 1 point to 8519. The markets seem to be in a overbought position and profit booking is probable. Investors have been making money on a continuous basis due to the rise in markets. When markets are good all the bad news is ignored and the good news is exaggarated. This is the reults season for 1st quarter and investors are awaiting the results to come out. Based on that fresh investments will be made. Banking sector barring PSU Banks will probably do well due to the spurt in Economic activity as finance is required for manufacturing and services. A lot of new issues have been successful and Investor appetite for fresh paper seems to be there. This is a very good sign signalling the return of retail investors into the market. HAPPY TRADING AND INVESTING.