Monthly Archives: February 2018

The BSE Sensex was up by 322.65 points at 34142.15 and the Nifty was up by 108.35 points at 10491.05.The rise was good after some time giving hope, that the markets will be good and some of them saying to enjoy the rise and book profits. Actually the sensex has falen 2600 points from its record high of 36443 recorded earlier this month, of January.to 33819 the closing level on 22nd February.The markets might remain positive in the medium to long term on account of expected revival in Economic growth, facilitated by Bank recapitalisation and GST led efficiency gains. Corporate earnings are expected to improve over coming quarters as the impact of GST fades and consumption picks up. This along with a continued shift in Household savings from Physical Assets to financial assets, bodes well for equity markets. The current fall in prices of stocks provide a good opportunity in picking up stocks at lower levels.Good quality stocks can be purchased.Consumer discretionary and staple companies are picking up due to the increase in Minimum support price for crops, and the Economic recovery. The same factors like increase  in Minimum support price for crops and oncrease in pay commission salaries by various state Governments, will increase the demand for cars and two wheelers. The increase in support price has led to an increase in Tractors. ENGINEERING AND INFRASTRUCTURE  spending has been given a great impetus. The Governments ambitious project of Bharatmala scheme of inr 5.3 lakh crore have increased the business of Infrastructure companies. This will lead to, increase in demand for cement and steel industry thereby increasing in share prices. Sourced from Moneycontrol.  

The BSE Sensex closed down at 34010.76  down by 286.71 points and the Nifty closed by 93.20 points at 10452.30. Markets have become volatile and one should be careful while trading and investing. The volatility in crude oil prices and increase in trade deficit has hit the market. PSU lenders like SBI and Bank Of Baroda declared their exposure to PNB fraud case that raised concerns, over risk management in Banking space. Mid Cap expert Porinju Veliyath continues to be bullish on Infrastructure stocks, as their is a huge deficiency of infrastructure in India. India needs to spend inr 10 to 50 lakh crores over next 10 years. Martkets will continue to be volatile and one should not expect returns of 2017.

The markets reversed, all gains it had got on Wednesday which is falling since 1st of February.The BSE sensex was down by 407.40 points at 34005.76 and the Nifty fell by 121.90 points at 10455. The broader markets , outperformed the frontline stocks. The Nifty midcap ended with 0.2% gains. In BSE 1400 shared advanced  against 1358 declines. The reason for the markets to fall is the US Federal Reserve interest rate hikes.The Nifty midcap ended with a 0.2% gains. Many feel the fall may continue, but there could be bargain hunting in quality stocks, which may support the market.Nikhil Kamath co founder and head of trading Zerodha feels that, looking at the strength of the Indian Market on the back of weak global cues, he is changing outlook from slightly bearish to neutral. The rise in interest rates ie rise in treasury yields will stroke inflation, which will lead to a fall in stock prices. Quality stocks will always do well. We have held on to Marico quoting at 297.20, City Union Bank quoting at 160. These stocks, have done well they might have fallen, from the peak attained recently but are on  a high compared to the prices year ago. The information is from Moneycontrol, Bloomberg quint and own .

Markets rolled down today,the Nifty falling down by 256 points to 10760and the sensex fallinng down by 840 points to 35066.Long Term Capital gains tax was introduced in the budget dated 1st February 2018. All stocks wether mid cap or sensec stocks were down. Many factors are attributed to the fall in the market. Yet some good stocks like Gravita, Ashok Leyland, DLF Cement have remained steady inspite of market crash. Though the Finance Minister is giving assurances about the market the sentiments are bad.