Monthly Archives: March 2018

Markets were down by 409 points on the BSE at 32596 and the Nifty was down by 116 points at 9998. The Nifty managed to breach the pshycological 10000 mark and traded below it for the larger part of the day. The Indian and global equities fell following Trade War between China and USA.The US President has imposed trade tariffs on China, and China has imposed trade sanctions on 128 items of USA. The Indian stock markets have been consolidating since this year. Factors like long term capital gains, liquidity, rising bond yields and volatile global markets, Crude hike, Fed rate hike and the new Banking fraud of union bank amounting to 303.84 crores have led to fall in markets. It is global and local factors combined effecting the markets.

Buy Gravita at 160/ Sell at 174/

The Nifty lost 165 points touching 10195 and the sensex lost 509 points touching 33176. Japanese and Shanghai markets were also down, due to trade wars and European markets were ok. Indian markets went down the main reason being political development,  the TDP party pulling out of the NDA the ruling ally of the BJP. It called for a No Confidence Motion, creating disturbances in the minds of Investors. The other reason is the Indian stocks are considered over valued. Buying has come down by Institutions, as investment by them has come down, due to the less retail participation by Retail investors in Mutual funds. Markets seem to be dull for sometime, as the valuations are considered higher, and the political developments might be a spoiler.  

We has recommended Gravita 157/ on 21/12/2017 now the price is at 177.50  

Today the markets were down. The sensex was down by 44.43 points at 33307.14 and the Nifty was down by 15.60 points at 10226.90. Both the indices lost 2%. Asian Markets were high on the back of US President Donald Trump agreed to meet with North Korean leader Kim Dong UN.On the domestic front GST council is supposed to meet on Saturday ie the 10th of March 2018.to discuss e-way bill and simplification of tax returns by simplifying techniclities around tax rebates. According to media reports alchohol might be included in GST, which might have an effect on liquor stocks. Ashok Leyland, is a good stock as it is reasonably priced at 145/ but it can be bought at 135/. It is a maker of Commercial vehicles. There might be a policy of the Government giving inr 5 lakhs to truck operators to replace their vehicles after 15 years, this will stimulate demand for new trucks as the movement of FMCG, Manufactured Goods, and infrastructure related items like cement, steel will have to be moved. This will increase, so more trucks will be in demand.Markets will be dilly dallying high and low. The support for markets has come down, due to non buying from big players. Book profits and buy stocks periodically. Timing and Trend are essential now.