Monthly Archives: January 2018

Markets reached a record high today. The BSE sensex posted seventh weekly gains of 251 points at  a record high of 35511, and the NSE Nifty gained 78 points at 10895, it is the longest run since 2012. The q3 results are very good that is why markets are going up. The Government has cut additional borrowing from inr 50000 crore to 20000 crore. This cut, in borrowings has stimulated the stock markets.Banks, the main driving force in the market has driven stocks up,.

The New Year has brought cheer to the markets, with plus all over. The Nifty was up by 30 points at 10681 and the sensex was up by88 points at 34592. ICICI Bank, RIL, HDFC drove the sensex and Nifty to a record close amid earnings. Markets are up by 1% in a week.The markets are up as December quarter earnings, so far have been good. Infosys, TCS and Indus Ind Bank,numbers are largely in line and Karnataka Bank posted a strong q3 with Asset quality improvement. Infosys q3 results have been good. The Net profit rose to 37.7% to Rs5130 crores in the October December quarter.The bottom line beat estimates after the Company reversed income tax provisions of Rs 1432 crores made in previous years after signing an Advance pricing agreement with US Internal Revenue service. The reversal of Income tax provisions is not a good sign as it is a calculation which has impressed the books. The income is not due to actual performance accept that it has signed an agreement.   TCS fell post q3 earnings to 1.79% to Rs 2740 after announcing 3rd quarter numbers. The company said its sales from the banking and finance sector, which contributes most to TCS fell 2.1%. The markets reacted sharply in between trading, due to the differences between supreme court judges and the Chief Justice, but later recovered. Now, the 3rd December quarter earnings will be out, and markets depend upon the earnings. The mood of the market expects earnings to be good. Some of us,are of the opinion this is a pre budget rally, so it is better to liquidate 75%of holdings and have cash if there is a reaction. The material has been taken from […]

Today, the Nifty was up by 54 points at 10558 and the sensex was up by 184 points at 34153. It is common knowledge that, when funds come into any market it raises the prices of the commodities or services they deal in. Similarly, the stock Market is no different. A lot of money, is coming from Mutual Funds. Especially the young Investors are investing in Mutual funds and the Systematic Investment Plan (SIP)has caught up. This gradual infuion of funds, into the market keeps the prices steady and upwardly mobile. Less selling is taking place. The participation is a lot more now, because of the big basket of Investors. A lot of positive developments are taking place in the market place. As I have mentioned in the last paragraph, the systematic infusion of funds by investors through the mutual fund route has kept the markets good. We used to depend ore on FII money before, so there would be a sudden withdrawal of FII funds, that would lead to collapse of the Market. Now, domestic funds are supporting the market. Telecom major IDEA Cellular is raising inr 3250 crore from Group Promoter Aditya Birla. This shows the companies are strong. JLR volumes have gone up 49%, which is a subsidiary of Tata Motors. Maruti, Tata Motors and Honda have increased their Market share in 2017. Which shows a lot of money is in the hands of people. Motherson Sumi the leading auto component major has acquired M.S.Global India a multi national auto component major. Companies, are expanding their reach and Stock Markets are supporting them by allowing them to raise capital. Stock Markets are the barometers of the Economy. India is a shining example, as more money […]