Monthly Archives: August 2018

Markets were on a roll today,the Nifty was at 11692, up by 135 points and   the sensex was up by 442 points at 38694. the sensex was a record high of 400 points the Nifty ended just below 11700. On the BSE out of the total shares traded ie 2934, 1432 shares advanced, 1294 declined and 208 shares were unchanged.   The statistics is alarming as almost all shares have risen, this shows a buying craze in the market, were the euphoria to buy stocks set in. This trend is dangerous, as people just buy stocks irrespective of the performance. It is a good time to sell stocks if profits are made. Shares like Dabur, Hind Unilever, Jyothi Labs, will be good as these are good FMCG stocks. Jyothi labs is down, because of the effect of rains of its factories in Kerala. It will take sometime to recover, may be Jyothi Labs will have loses or less profits next quarter, due to unforseen circumstances. A Bull fatigue might set in and there are a spate of elections which will effect the market.

The sensex fell by 231.66 points to 37637.57 and Nifty fell by 53.41 points to 16157.37. The markets had gone up for the last few days, so they have taken a breather and the bears took charge.  The Indian rupee was very weak it hit an all time low of 69.62 against the US dollar. The Turkish Lira is also very weak. These were one of the main reasons for the markets to fall. Today many negatives were in the markets. Usually when markets fall people come out with all sort of theories. Now, suddenly experts were concerned about Elections around the corner.It is better for investors to look into stocks than, look at the sensex. Good stocks can be bought always. Jyothi Labs is quoting at 221/today it is a good stock. The products it manufactures, and Fabricare a clothes SPA they run is good. The company is running in profit, both quarterly and yearly. A recommendation was made at inr 219/, to buy the stock and it is now quoting at 221/ It was recommended on 30/07/2018. It has been between 219 and 224 for this long. A lot of money can be made if one is careful.

The BSE Sensex rose by 221 points at 37887, NSE rose by 60.55 points at 11450.Today City Union Bank first quarter results were declared Net Profit has increased from INR 152.13 crores in March quarter to 161.65 crores in June quarter. It closed at 177.80 up by4.20% This stock has been doing quite well.It was around INR 45 in 2010. Ashok Leyland is a good stock but, a slow growth one It sees 40% growth in Commercial vehicle segment.It was quoting at 125/ at 3.26 PM a good stock to watch but slow returns.Of the overall 1st June quarter results 44% were positive ie 424 stocks,17% were negative ie 168 stocks and 39% were flat ie 373 stocks. By these figures the overall markets seem to be strong. This is the reason for markets to be good. The trade war continues to be there. Banking stocks might do well, as the demand for money will go up ie official channels due to demonetisation and development of many bussinesses due to the downward real estate. Markets will do well especially stock markets, and manufacturing. Trading of commodities, and any organised market will do well as business will improve.

Nifty was down by 101 points at 11244 and the sensex was down by 356 points at 37165.Global trade wars seem to be escalating, especially between USA and China. USA might put additional duty on Chinese imports. The markets seem going back to a protectionist world and globalisation has taken a back seat. The markets were up throughout July because of good corporate results. So, the markets went very high. Sometimes a Bull fatigue sets in,may be that is why markets are reacting. It is difficult to say which way markets will move in the long run. It seemed markets had improved, if you see the whole of last week. But now, it is reacting to lower levels. The trading has become range bound. ie profits are booked when shares go up, and bought back at lower rates, when stocks come down. One has to be very careful and not overtrade.