Today
Markets started on a sluggish note in the morning but picked up during late hours of trading due to short covering, because of fall of previous trading sessions. Today markets were up the sensex by 62 points at 27897.89 and the Nifty down by 4 points at 8611. Vijaya Bank net climbed by 34% in q2 leading to a 52 week high. Rolovers were low given the risks that lay ahead next week from US presidential elections and the Fed Reserve rate decision.Markets are nervous due to the dismissal of Mistry the chief of tata board an unprecendented development. One should keep patience due to the latest developments. HAPPY TRADING AND INVESTING.
Today
Markets were down today, the sensex down by 114.7 points or 0.4% at 28106.21, the Nifty down by 34.4 points or 0.4% at 8709.55 The major looser was Midcap index which lost 1% from previous close. Selling emerged in realty, power, IT, Pharma, auto and capital goods stocks.
Weak opening of European markets amid concerns that the ECB may withdraw stimulus also weighed on market sentiments.Asian markets ended higher as the US FED may cut interest rates as data suggested that US economy was gaining momentum. Markets are overall in a healthy phase and seems to be good. The swings we are facing now is a correction which is natural in a Bull market. The fund flow into the market is high and the confidence in India despite the trouble with Pakistan is high. Happy Trading and Investing.
TODAY
Hello all and a Good Evening to all of you. The US Fed has not hiked interest rates and that led to an increase in share prices.The 30 share sensex was up by 265.71 points and the Nifty was up by 90.3 points the sensex was at 28773.13 and the Nifty was 8867.45. The oil and gas and banking stocks were up today. On the BSE out of the total 3146 shares traded advances were 1794 and declines was 1106. the remaining were unchanged.The good news is it is assumed that even next year fed rates will not be hiked and the monsoon is likely to be good till September end. Personally I think Kashmir might be a flashpoint, and internally the inter state water disputes have to be resolved. Companies dealing with water will do well like wabag, companies which sell consumable products might do well. Book profits periodically and accumulate worthy stocks which one will know by trading. Happy Trading and Investing.
Today
Markets were flat today, with up by the NSE up by 16 points reaching 8742 and the sensex up by 40 points reaching 28412. Health care and fmcg stocks did well with rising expctations that RBI will cut interest rates in october, the markets are low due to a correction all over the world. The rise might not be severe but a steady rise will be there. Realty stocks may take a hit due to the sluggish demand. A lot of institutional buying is taking place in the market. HAPPY TRADING AND INVESTING
TODAY
The Markets did pretty well today, the BSE Sensex touching 29000 level first time since April 2015 up by 118.92 points at 29045.28. Nifty rose by 34.55 points to a fresh 18 month high of 8952.50.
Fmcg, health care, oil and auto stocks did well. There was a sell off in tech stocks due to TCS warning. FII have continued to pump in money into Indian Equities worth Rs 800 crores buying on Wednesday on top of Rs 1393 crores inflow on Tuesday, after US Economic data diminished of a Septemner rate hike, which is good for the world Markets as Central Banks all over the world follow USA. On the whole markets seem to be in a good mood with corrections in between. HAPPY TRADING AND INVESTING.
Today
Markets were down today the sensex down by 28points showing 28423 and the Nifty down by 11 points showing 8774. Telecom stocks came down due to Reliance Jio starting there operations were the rates are less and much competitive. It is to be seen how far Relliance Jio will outnumber others. Markets are dowm due to a correction due to the marathon rise since last week. Some stocks rise has slowed down and the sensex stocks are rising, making the sensex and Nifty go up. Markets are in a good stead as opportunities for buying and selling both are there. Book profits periodically. HAPPY INVESTING AND TRADING.
Today,
Markets ended flat today, with the sensex up by 17 points touching 27714 and the Nifty ended 6 points high ended at 8551. GST bill was passed which was much awaited bill. Capital goods and vehicle manufacturing vehicles ended high . Market is still digesting the GST bill, which it does not know what effect it will have on which sector?Investors are still digesting the bill. GST means there will be uniform taxation all over the country were it will truly be one Nation same rate. The GDP is expected to go up and manufacturing will get a fillip as the taxation will be the same all over. Wether we have GST or not the markets depend on performance of companies. With GST many states which had different tax rates will have the same tax structure, and companies with good performance wherever situated will have the same advantage in tax accept for local conditins and intellectual capital Eg,, Softwafare is big in Bangalore due to availability of a lot of computer engineers, similarly chemical Industries in Gujarat is popular. On the whole markets are good, and it is good to enter markets when they are in a correction mode and sell when the pricing is good. HAPPY TRADING AND INVESTING.
Today
Markets were up today, being the last Thursday of the month rollovers took place. Markets are looking at the Bank of Japan interest rates. On the whole markets are good showing an upward bias. Results of companies are ok not spectacular but, the feel good factor is keeping markets going. I personally think markets are over valued, a lot of IPOs are coming to the market which will suck liquidity out of the system. Profit booking is bound to take place. The stocks which have gone up are mid caps and small caps, which usually go up when there is a boom. The boom is here now, were people might start feeling that I have missed the bus. But retail investors are not in the market, the only players are mutual funds and large institutional players. Today, the sensex was up by 184.29 points at 28208.62 being the BSE and the Nifty was up by 50.5 points at 8666.3 it is better to book profits periodically. HAPPY TRADING AND INVESTING.
Today,
The markets were down today the BSE tanked 205 points touching 27710 and the Nifty tanked 56 points touching 8510. The markets were over valued and the results of 1st quarter are not that good. Banks have been pulled down because of NPA s results of Wipro and Infosys have been bad, software firms who have concentreted on Europe are facing a problem due to the recession there. Cement stocks seem to be doing well due to high demand. L&T Infotech opended in the negative today defying all market expectations. But over all markets seem to be good, due to the good Economic conditions manufacturing companies might do well. HAPPY TRADING AND INVESTING.
Today
Markets were flat today, the sensex rising by 7 points to 27815 and the NIFTY GOING DOWN BY 1 point to 8519. The markets seem to be in a overbought position and profit booking is probable. Investors have been making money on a continuous basis due to the rise in markets. When markets are good all the bad news is ignored and the good news is exaggarated. This is the reults season for 1st quarter and investors are awaiting the results to come out. Based on that fresh investments will be made. Banking sector barring PSU Banks will probably do well due to the spurt in Economic activity as finance is required for manufacturing and services. A lot of new issues have been successful and Investor appetite for fresh paper seems to be there. This is a very good sign signalling the return of retail investors into the market. HAPPY TRADING AND INVESTING.