Monthly Archives: November 2019

Markets were up today, The Nifty up by 159 points at 12074 and the sensex up by 530 points at 40889.The China and the USA have had positive trade talks, broad based buying in stocks is seen , Foreigners have poured in INR 17000 crores into the market,the index has breached 12000 points, indicating an upward spiral. The impending rise in telecom prices, has increased telecom stocks prices. My opinion is to be careful in selecting stocks, have a selective buying in sectors.

Markets were down today, the Nifty falling 104 points to 11908 and the sensex falling 330 points to 40323. Markets fell as Moodys Investors services outlook changed in India. The global rating agency slashed rating outlook to negative from stable citing increased risks in business growth. Indian rupees fell a fresh 3month low and bond prices fell on friday.Nomura Research also lowered its GDP growth projections to 4% from 5.7% in 2019 and to 6.0% from 6.9% in 2020. These numbers reflect a weak market, but what is to be seen is, markets have become a day to day affair. So, it has to be seen how markets react in future. The finance ministry reacting to Moodys statement said, the fundamentals of the Indian Economy remain robust with inflation under check and bond yields low. But, in another observation the opinion is Nifty will shoot past 15000 level if the Government announces cut in income tax, one should consider sticking to a few selective stocks instead of dabbling with many shares. Ayodhya verdict next week, and the fate of Maharashtra politics will have effect on the market movement.Source: Moneycontrol web site.

The markets reached an all time high today. The Nifty reached a pshycological 12000 level intraday for the first time since june 11th,, it closed higher on November 6th driven by Technology stocks and private banks. The nifty reached 12000 level but ended at 11966(+48points) and the sensex closed at 40,469(+221 points.)the market cap for the entire market decreased ,leading to more stocks declining.Actually the index reached record high due to rise in large cap stocks.Infosys reached 712.40 inr a 16.40 inr price increase.Despite the whistleblower comments infosys price has not decreased, rather the order book has been strong, it is getting larger deals.It is better to select large cap stocks and stick to them, rather than selecting mid cap stocks which are risky.Source; Moneycontrol and bloomberg quint.

The index was up by 50 points closing at 11941 and the sensex was up by 136 points closing at 40402. The sensex hit a record high. The markets are going up due to a lot of all round buying. US markets are also up, the global markets are up except Nikkei the Japanese index and Jakarta. The auto sector is showing a bit of improvement, Life insurance companies are doing well, with the improved results of insurance companies. But they seem to be highly priced, and should not be purchased immediately. Fund buying also goes on, with the high gowth in Index stocks it shows mutual funds will be buying.