Monthly Archives: September 2017

Wish you all a Happy Dussera. The markets were in a see saw today. The sensex ended 1.24 points high at 31283.72 and the Nifty ended 19.65 points higher at 9788.60, the sensex was up by a 100 points plus in the morning and the Nifty was high by 66 points. Later the markets came down to current levels. It might be due to the long week end and the comments made by BJP veteran Yashwanth Sinha, about the current state of the Economy. Good stocks like City Union Bank, have been doing well and many stocks like L&T Holdings have been doing quite well inspite of the fluctuations. The markets are in a trading range. There seems to be no support from major investors or institutions, so the markets are fluctuating according to the traders fancy. It is a good time to enter into stocks which drop and hold on.

Markets ended down 450 points at 31922.44 points and the Nifty ended at 9964.40 down by 157.50  points. The reason being North Korea’s Hydrogen Bomb threat. The main reason might be the markets have gone up continuously over the past few months without a break. It might be Bull fatigue, Bull offloading we call it which leads to fall in share prices. Many shares, which had hit high levels for sometime have come down giving chance to buy back good shares that have been sold, Markets are cooling down due to the continuous run up for a long time. Though North Korea threat is there for a long time it is the main reason attributed for the fall in share prices. All companies across all segments have fallen down, dragging down the indices after a long time. One who is considering to enter the markets should carefully weigh his options as markets are uncertain at this point of time.

My next post will be on Monday18th september 2017  

The Market was flat today, the Nifty was up 4 points at 9934, and the Sensex was up by 24 points 31687. Mid caps were down and not much of interest is their in trading of market today. Many are of the opinion that, it is better to book profits atlest partially . Stocks are going up in a selective nature. Today’s announcement that electric cars will be made mandatory in some time. This law will be a blow for the conventional cars, and automobile stocks are to be watched carefully. A lot of funds are flush with money and they are investing into the market this is pushing up the prices of stocks. But, there is an element of fatigue were the market gets tired, and it starts falling down. The stocks to be watched are Private Banks, Non Banking Financial companies. Another aspect to be cautious is, the statement by the Former RBI Governor Mr. Raghuram Raja stating that while the world Economy is improving India growth is down, and such high liquidity in the markets is surprising.