Today
Markets were down today the sensex was down by 100 points at 23962 and the Nifty by 32 points at 7276. The sensex came down below the pshycological 24000 mark. A lot of issues are bothering the market like the oil crisis which has reached absymmal low levels and the China economy is in doldrums and their markets are very weak. The budget is one issue the market is looking at and the corporate results which are coming in. The results are not much encouraging so the markets are down. The buying activity is less in the market and so no money in stock market, the lack of support to equity is pulling market down.But the valuations are very cheap, and stocks are available at dead cheap levels than their actual worth. So, its a time to buy stocks at dead cheap valuations than entering later. A lot of talk is going on in sugar and infrastructure stocks, a careful eveluation has to be made in these stocks and purchase them, it is better to book profits periodically than investing for long term.HAPPY TRADING AND INVESTING.
Today
Due to unavoidable events I could not publish my letter last Wednesday or Thursday my apologies for that. Today the markets were down the third day of the week.The BSE sensex was down by 174 points at 25406 and the Nifty was down by 46 points at 7741.The political tensions in the middle east between Saudi Arabia and Iran got the prices of oil down and the markets were jittery and nervous. The tension caused by North Korea by it exploding its hydrogen bomb has also caused tension in Markets, European markets fell and Indian markets too fell. Many shares are coming down due to the uncertain conditions prevailing all over, with next week the earnings season starting.
China has closed its markets due to the recessionary conditions there, and this also has effected other markets because China, is the main consumer of goods and also the exporter. If China is not able to export it means there are recessionary conditions. The good thing is India is having mou s with Foreign companies. Premier Explosives has an mou with an Isreli company which is an example of good business taking place.Be into particular stocks than markets. HAPPY INVESTING AND TRADING.
Today
The markets were up today the NSE up by 50 points reaching 7751 and the bse up by 174 points going to 25494. Everybody is looking at the fed were a rate hike is happening after a long time. Today Auto stocks were in action as Diesel vehicles are going to be banned in Delhi and the National Capital Region so stocks like Mahindra and Mahindra bore the brunt. The increase in FED rates will make the Indian Currency stable according to Riddham Desai. The fund inflow into the markets is quite low so the action in markets is very low.
A difficult market to trade stocks have moved up because they had gone down a lot its only trading taking place. Otherwise nothing much to comment. With the Climate change debate going on in Paris a lot of companies will be effected. Non conventional energy companies and companies which dont produce much carbon footprint will do well and companies which are dependent on fossil fuels and produce much pollution will be effected. Tommorrow I will give those companies names.Bye HAPPY TRADING AND INVESTING.
Today
Hello everybody, the markets have come down they are as damp as the cold weather in Bangalore.The sensex closed at 25036 down by 274 points and the Nifty closed by89 points to 7612. The uncertainty over the GST bill passing in Parliament is the main issue. Asian markets have fallen badly led by the decline in metal stocks, the US fed Reserve might raise the interest rates after a long gap which is a reason for nervousness in Stock Markets.
Auto stocks are confusing, as the urban population is buying automobiles while rural people,are avoiding auto purchases. The good stocks and defensive stocks are fmcg stocks were your money is safe and a moderate appreciation is there.As, they have a consistent demand.It is better to watch the markets trade cautiously.HAPPY TRADING AND INVESTING.
Today
Today the markets closed lower. The BSE Sensex closed 231 points lower at 25886 and Nifty closed 67 points lower at 7864.The unfortunate floods in Chennai will affect automobile Plants so the operations to result in normalcy will take time in the Auto Sector. The much awaited Goods and Service tax might be passed with the opposition co-operating.
Though not noticeable in our daily life, it is said that Inflation has come down and consumption has gone up.Examples are petrol has become cheaper and the sustained demand by cars and scooters has increased its demand.This might lead to appreciation of auto stocks. As aviaton fuel has become cheap there is a 20% increase in Airline traffic which will lead to surge in Airline stocks.Banks stuck with sticky loans are lending to retail more.
Thus, stocks like FMCG, Paints, Consumer durables,will go up due to more demand as more money is there in hands of people. The opinions are mixed some people say the results of companies are lack lustre so Markets will be mixed so we have to watch particular stocks only to make gains. HAPPY TRADING AND INVESTING
Today
The markets were up today the sensex rising by 183 points to 25958 and the Nifty by 52 points to 7884. Hopes on the GST bill to be passed in Parliament made the market go up. With the passing of the GST ie if it is passed will give a boost to logistics shares like VRL, GATI. Fund buying has not started yet so, we have to wait and watch. Concentration on particular shares are to be there, than the sensex. Book profits periodically and re enter at low levels. HAPPY TRADING AND INVESTING.
Today
The Markets reacted very sharply due to the Paris attacks, but recovered fast . The markets have not panicked but the fall is more due to the nervousness of Paris incident. The European markets are also weak due to the Paris incident.
The medium to long term trend seem to be good.The markets fell today the BSE Sensex by 381 points to 25482 and the Nifty fell by 105 points to 7731.Back home in India markets were weak following International cues but, individual stocks have been giving good returns.IT and Banking stocks were major losers, the Indian Government has approved divesting 10% in Coal India. The main reason for the markets to be down is Foreign investments have not been coming in, this year due to subdued quarterly results, and a possible rate hike by the FED.According to reports much need not be feared about rate hikes , as markets have time to adjust as the Bihar Election results proved the point.Fii inflows in the entire year 2014 was Rs 98177.9 crores and the first 10 months of 2015 it has been Rs.25191 crores.
Ram Deo Aggarwal of Motilal Oswal Financial services expects $20 to 25 Billion per annum to come in.Most countries have their own set of problems as they are dependent on the Commodities they have as, commodities prices have come down due to less demand it is good for India. Eg.. India imports 80% of its oil requirement were oil prices have dropped 60% since June last year to near $40 a barrel which has helped India economically.
Month end AUM rose by 5% or 1.37 lakh crore to 13.24 lakh crore the highest in the Industry according to Mutual Fund sources. HAPPY TRADING […]
ToDAY
WISH YOU ALL A VERY HAPPY DEEPAVALI, the sensex ended 378 points down at 25743 and the Nifty ended at 7783 down 132 points. A lot of selling globally is going on and the Bihar Election loss for the BJP party has also contributed to the loss of markets. 15 FDI clearence has been made yesterday ie 10th of Nonember. The fear of the FED raising interest rates in its FED meeting is also a fear for the markets. The fdi policy of the Government might boost the markets in the Muhurat Trading which is supposed to be held today evening.Which is yet to be seen.
As of now, markets are lack lustre and participation is less. Corporate results have been fairly good so, the markets might not fear much. The reforms are going to take place irrespective of politics. Investors should concentrate on the scrips they are in than the markets as a whole. In these tough times it is better to stay with FMCG stocks and stocks with less competition like Watech Vabag. HAPPY TRADING AND INVESTING and wish you all a very HAPPY DEEPAVALI.
Today
The BSE sensex was down by 37 points to 26553 and the Nifty was down 20 points to 8040.
The markets have given away the gains of the last two days. The European Markets were up but, our markets with a positive opening and sustainence throughout declined marginally at the end. Tata Motors went up due to the increase in Jaguar sales. The Bihar elections results seem to be positive for the BJP, the market is awaiting the results which will come on Sunday the 8th of this month. The opinion in the market is the results if negative will have only a short term impact and Corporate results will be the main deciding factor for Markets. The corporate results which have come till now, seem to be fairly good. This is a fairly good sign. It is good to periodically book profits and enter at declines. Real Estate is down so money may flow into markets giving a boost to Equities.
HAPPY TRADING AND INVESTING.