Monthly Archives: November 2017

Markets were up today, the sensex was up by 235.98 points touching 33342.80 and the Nifty was up by 68.80points touching 10283.60. The main reason for the market to rise is the upgrade given by Moodys rating services. After 13 years upgrade has happened it is a recognition of the Governments reforms across various areas. Ace Investor Jhunjunwala says 15% return is enough in the capital market. Accepting 30% to 40% is a bit too much. He is of the opinion that, a lot of capital is available in India and one need not bother about Foreign Capital. Festival sales have been good but the losses caused by demonetisation still linger on. Poor show by Telecom Companies, Capital good makers and Textile Companies have reduced the prices of these shares. Decline in Raw Material prices has increased the earnings this quarter. Markets seem to be in a very good mood. Earnings are good but a sense of Euphoria has set into the markets which is a bit uncomfortable for the markets. Better to book profits periodically. Happy Trading and Investing.  

Today the markets were flat,the nifty up by 12 points at 10321 and the sensex up by 63 points at 33314. Results of 2nd quarter are good, and thehe rate of Industrial production is down. SBI despite low margins has gone up. The market has entered a fatigue zone and it is staying at same levels. Better to stay calm now.

Markets were up today, the sensex up by 112.34 points moving to 33,685.56 and the Nifty up by 28.70 points moving to 10,452.50. The market has had a continuous running spree. The main reason being the World Bank ranking of India which moved from the 133rd place to 103rd place moving 30 places. This has given more confidence to Investors, the corporate results have been good for the second quarter. Sundaram Fasteners which is quoting at INR 500 which we are following up below inr 60/ is a good scrip. Sundaram Fasteners are preparing for the Electric revolution which makes it a better company, whose results have been good. Industry is of the opinion that positive effects of GST will be visible once teething issues are sorted out. This, will result in a positive market. ITC quoting at inr 265.40 can be a good buy, it is entering into branded fresh fruits and vegetables., the ITC company is also into others categories like Hotels, FMCG, consumables apart from cigarettes. The price of ITC has to be studied before entering. The shortage of coal might result is less aluminium production. If coal is not there production of aluminium has to be stopped for months and this in turn effect Bank NPA.to increase. On the whole markets are on an upward swing, but it is always better to book profits periodically. Happy Investment and Trading.