Monthly Archives: May 2017

Markets have been on a upswing, accept for a few trading sessions, were it was down by a few points. Today marks 3 years of Modi administration and markets celebreated it by the sensex going to an all time high of 31028 a rise of 278 points, an all time high and the Nifty touching 9595 up by 85 points. The results have been quite ok and the capital put in by domestic investors are high. The bombing of Pakistani territory in the Nowshera sector did not deter the markets and it is rising in good stead. Retail Investors are being very careful and the overbuying positions are not taking place inspite of markets going up to very high levels. Mid cap stocks do react and some weakness is shown but, they do recover fast. Most of the stocks going up are good. Tata Motors which we had mentioned sometime back has shown good results and the price of the share has risen, due to the good performance of its  Jaguar cars. The paint sector is doing quite well due to a fall in petroleum prices. There is a talk that petrol run and diesel run cars might be abandoned and electric cars might take over completely. So, in the long run one has to be careful about auto stocks though Tata Motors seems to be a good buy. A golden rule book partial profits periodically and keep some stocks try to buy stocks of few companies, book profits and retain some quantity if you find these stocks to be good.

As I am not keeping well I will not be publishing my Views this week

Today the Sensex was down by 62 points at 30188 and the Nifty down by 21 points at 9400. Yesterday on the 10th of May market was at an all time high the Nifty was up by 93 points at 9409.85 and the Sensex was up by 314.82 at 30248.17.Today there was profit booking which got the market a little down or a much needed correction. Financial Institution HUDCO had an IPO this week which performed very well.The markets are high as Mutual Funds have pumped in a lot of money placing domestic Investors in the Drivers seat. This has acted as a buffer against Capital outflows sparked by global Investors according to Deutsche Bank AG. As Returns from Property and Gold are falling Investors are embracing equities which has led to a rally in shares.Gold and Property are traditional favourites in India. According to Bloomberg data, withdrawal by Foreigners last month did not stop the BSE Sensex rising above 30000 for the first time, as Mutual Funds ploughed inr 112 billion into stocks.ITD Cementation an Indo Thailand Infrastructure Company, priced around INR 173 is a good buy. Tata Motors priced around inr 430 is also a good buy, though it has dropped from about inr465/ last week. A lot of sales of cars and trucks made by Tata Motors will spiral the stock up. ITD Cementation is engaged in constructing Metro Rail across Hydarabad and Karnataka and yearly results are good, though half yearly results are down.Though there is a lot of PUT writing going on Markets are Bullish and any downward correction is welcome. Happy Trading & Investing. Disclosure: Investors are advised to consult their Financial Advisors before picking up stocks.