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Though the GDP and Industrial production figures were good, markets were down today.The nifty was down by 104 points at 10121 and the sensex was down by 316 points at 32832. The participation by institutions both foreign and domestic has come down, so there is not much activity in the market. The results of many corporates are good, but still markets are down.  The elections in Gujarat is one factor which might be effecting the markets. It is better to go slow on buying and book profits periodically.HAPPY TRADING AND INVESTING.

Markets were up today, the sensex was up by 235.98 points touching 33342.80 and the Nifty was up by 68.80points touching 10283.60. The main reason for the market to rise is the upgrade given by Moodys rating services. After 13 years upgrade has happened it is a recognition of the Governments reforms across various areas. Ace Investor Jhunjunwala says 15% return is enough in the capital market. Accepting 30% to 40% is a bit too much. He is of the opinion that, a lot of capital is available in India and one need not bother about Foreign Capital. Festival sales have been good but the losses caused by demonetisation still linger on. Poor show by Telecom Companies, Capital good makers and Textile Companies have reduced the prices of these shares. Decline in Raw Material prices has increased the earnings this quarter. Markets seem to be in a very good mood. Earnings are good but a sense of Euphoria has set into the markets which is a bit uncomfortable for the markets. Better to book profits periodically. Happy Trading and Investing.  

Today the markets were flat,the nifty up by 12 points at 10321 and the sensex up by 63 points at 33314. Results of 2nd quarter are good, and thehe rate of Industrial production is down. SBI despite low margins has gone up. The market has entered a fatigue zone and it is staying at same levels. Better to stay calm now.

Markets were up today, the sensex up by 112.34 points moving to 33,685.56 and the Nifty up by 28.70 points moving to 10,452.50. The market has had a continuous running spree. The main reason being the World Bank ranking of India which moved from the 133rd place to 103rd place moving 30 places. This has given more confidence to Investors, the corporate results have been good for the second quarter. Sundaram Fasteners which is quoting at INR 500 which we are following up below inr 60/ is a good scrip. Sundaram Fasteners are preparing for the Electric revolution which makes it a better company, whose results have been good. Industry is of the opinion that positive effects of GST will be visible once teething issues are sorted out. This, will result in a positive market. ITC quoting at inr 265.40 can be a good buy, it is entering into branded fresh fruits and vegetables., the ITC company is also into others categories like Hotels, FMCG, consumables apart from cigarettes. The price of ITC has to be studied before entering. The shortage of coal might result is less aluminium production. If coal is not there production of aluminium has to be stopped for months and this in turn effect Bank NPA.to increase. On the whole markets are on an upward swing, but it is always better to book profits periodically. Happy Investment and Trading.

Markets were mixed today, with the Nifty going down by 20.80 points at 10323 and the sensex going up by 10.09 points at 33157.22. Markets have held on following Global cues which are also flat. Most of the corporate results are out, and this has held up the prices. Results have been good. Trading and funds pump in have taken precedence in the Market. Fundamentally good companies are doing well but some stocks are over valued. The correction is taking place but minor in nature. Companies like Heidelberg Cements, have done well were the price touched 150 plus, being buying freeze.Maruti Suzuki also has performed well were September Quarter earnings have surpassed analyst expectations.Both companies have performed well in September quarter. A lot of domestic funds are being pumped into the Market pushing up prices. It is better to book profits periodically and be extra careful, while trading and investing. The Bharath Mala project worth INR 7lakh crore and the INR 2.11 lakh crore bank capitalisation  have given a fillip to the Stock Markets. HAPPY TRADING AND INVESTING.                            

Yesterday being Diwali it was a bad Mahurat, the Nifty was down by 64 points at 10146 and the bse sensex was down by 194 points at 32389.. The not so expected results have got the market down. Banks have been a drag because of the NPA. More NPA states that the businesses is not good. The markets have gone  up because of huge expectations from Modi administration. A lot of money has been coming from Domestic inflows and through mutual funds. Companies that are doing well are Private banks, NBFc, fmcg. Companies investing in other companies are also doing well. L&T Financial holdings is also doing quite well. A lot of thrust will be given on manufacturing, so such companies can be watched.

Wish you all a Happy Dussera. The markets were in a see saw today. The sensex ended 1.24 points high at 31283.72 and the Nifty ended 19.65 points higher at 9788.60, the sensex was up by a 100 points plus in the morning and the Nifty was high by 66 points. Later the markets came down to current levels. It might be due to the long week end and the comments made by BJP veteran Yashwanth Sinha, about the current state of the Economy. Good stocks like City Union Bank, have been doing well and many stocks like L&T Holdings have been doing quite well inspite of the fluctuations. The markets are in a trading range. There seems to be no support from major investors or institutions, so the markets are fluctuating according to the traders fancy. It is a good time to enter into stocks which drop and hold on.

Markets ended down 450 points at 31922.44 points and the Nifty ended at 9964.40 down by 157.50  points. The reason being North Korea’s Hydrogen Bomb threat. The main reason might be the markets have gone up continuously over the past few months without a break. It might be Bull fatigue, Bull offloading we call it which leads to fall in share prices. Many shares, which had hit high levels for sometime have come down giving chance to buy back good shares that have been sold, Markets are cooling down due to the continuous run up for a long time. Though North Korea threat is there for a long time it is the main reason attributed for the fall in share prices. All companies across all segments have fallen down, dragging down the indices after a long time. One who is considering to enter the markets should carefully weigh his options as markets are uncertain at this point of time.

My next post will be on Monday18th september 2017