Monthly Archives: August 2017

The Nifty was up by 5 points touching 9857 and the sensex was up by 28 points touching 31596. The markets are not giving a clear direction, they are in a trading range, giving opportunities to both buyers and sellers. One has to be careful in such markets were the undertone is bullish. 40 stocks have more than doubled, to give upto 500% returns  in 2017. Yes, some stocks might do well but some stocks can wipe out the entire net worth. This week was quite eventful, with Infosys head Sikka, quitting in a huff and criticism from both the board and promoter Narayan Murthy, regarding the behaviour each one throwing punches at each other. With the news that Nandan Nilekani might be made the head, Infy went up thereby making Investors happy. According to Ambreesh Baliga if the Nifty crosses 10,000level, the selling in market might take place. The markets are eagerly waiting for the results of Jackson Hole meet. Today the Nifty ended 0.2% higher but the broader market underperformed.PSU Banks gained after a alternative mechanism for merger announced by the Government. Pharma stocks were in the limelight as analysts feel, they are attractively valued. Liquor stocks soared after S.C clarified Highway liquor ban is not applicable within city limits. Investors should stick to Private Banks, as public sector banks, are known for high NPA and corruption among staff in lending.

Markets came down today,the sensex down by 270 points coming down to 31524 and the Nifty was down by 67 points at 9837. The main reason being the resignation of the CEO Shri Vishal Sikka. Mr. Sikka has stated that he is sad of the alllegations made on him by the promoters mainly mentioning Mr. Narayan Murthy. Infosys being a stock which has weightage, on the Sensex and Nifty, has caused a bad crash in the stock market. Tings don’t seem to be going on well with Mr. Sikka and Narayan Murthy. Mr. Murthy has said that, he will respond to the allegations at the right time. Otherwise the Markets dont seem to be in a rude shock, except for the initial reactions it has recovered a bit. Many stocks have fallen down marginally. One should not hurry to buy stocks.

Today, the 11th of August, Friday the markets came down.The Nifty was down by 109 points falling to 9711 and the Bse sensex was down by 318 points falling to 31213.  The fiscal position seems to be very bad the Central Bank is paying the lowest dividend of $ 4.6 Billion to Government  the lowest in five years.  The results of corporates the 1st quarter are not very encouraging.   When interest rates are cut it shows that more consumption has to be induced into the system. The interest rates are cut now, so the consumption is less which translates into lower production and lower profits. A lot of reasons are atributed for the market going down, like the Geo political factors like the North Korea and the US stand off, the hostility of China towards India. The markets had a Bull run for a unprecedented long haul and now the Bulls are tired which is leading to a lot of unwinding of positions or profit booking. It will take a long time for the markets to recover. HAPPY TRADING AND INVESTMENT.

TODAYS ARTICLE WILL NOT APPEAR TODAY DUE TO MY PRE OCCUPATION WITH SOME OTHER JOB.