TODAY
Markets went up today, the BSE sensex was up by 116 points reaching 29647 and the Nifty was up by 30 points reaching 9174. There is an IPO mela going on in the markets.India Inc might raise inr 35thousand to 40 thousand crores in the Market.
Go Air and SBI Life are the important ones coming in. The derivatives market ended today, being the last Thursday of the month. The pattern is bullish ie stocks might go up. PTC ie Power Trading Corporation went up today to INR 92/ we had purchased the stock at inr 86/ on 17th of February. Monte Carlo we had purchased at inr 400/ on 13th December 2016 it is now inr 411/.
Banks, power stocks, textile stocks are bound to go up as the Economy is improving. An improved economy creates a robust demand for these stocks.Monsoon should not pay truant in the market, otherwise things are looking cheerful. Happy Trading and Investing.
Today
Today markets were up both NSE and BSE the NSE up by 55 points at 9086, and the BSE up by 164 points at 29332.The NSE 9000 has formed the base ever since the markets rise following the spectacular BJP win in Uttar Pradesh. Textile and textile related stocks will do well. Trident which was inr80/ two days back, is inr 87/ today. Nithin spinners is also a good stock which is 101/ today which was inr 77/ in june 2016. Today markets, went up by short covering. Markets were down since past three days because of global factors, like Britain not going to be in European Union.
The US president Trumps healthcare policy, does not seem to get support of the Republican Senators. This is not a good situation for the President.The situation in the country has a feel good factor with IPOs getting good response. The only thing to be watched out is the next round of company results.
Today
The BSE Sensex was up by 27 points reaching 28929 and the Nifty up by 2 points reaching 8927. The elections results are due on 11th Saturday, the markets expect the BJP to win in UP, Manipur, Uttarkand so the markets are steady. If the BJP results are good the markets will be at status quo, and if it looses it is a buying opportunity for markets as markets are expected to go down if BJP looses. Kotak Bank has sold some stake to a Canadian pension fund , which shows interest in private sector Banks. Private Banks are doing well. City Union Bank a Kumbakonam based bank is inr 137/ this stock has risen from inr 30 to inr above 145 in a matter of 3 years. It has come down now, which can be accumulated.
Aditya Birla Retail And Fashions which is around 145/ can also be bought. Markets seem to be tired of going up, as the prices are under strain. The markets are a little confused with the election results awaited and a FED meeting next week.