Today
Today markets were down, the BSE ended 213 points down at 27039, and Nifty ended 61 points down at 8171. The main reason for the markets to go down is the nervousness of Bihar Elections and the US Fed is meeting later today to decide over the interest rates. Dabur the big FMCG Company declared good results today. Dabur is a very good stock which has been doing very well for a long time. Markets are in a bit of a down mode because of profit booking and other factors like politics . Money can be made if one is stock specific. A detailed study is to be made before buying stocks than just following the Market. HAPPY INVESTING AND TRADING
Today
Good Evening and wish you all a Happy Dussera. Markets are flat with not much movement in fact today, the sensex was down by 19 points to 27287 and the Nifty down by 10 points to 8251. China had a bad trading day falling down to low levels. The results season of the second quarter are out so, the markets are uncertain about its movements.
The Government is curtailing black money, so the circulation in the market is less. This will pep up the stock markets as the markets cannot accept unaccounted money and it is transparent. By curbing the parallel Economy money will flow into liquid assets like stocks, more money flowing into stocks will pep up the markets. If the Economy is healthy it is good for the markets. Results impact is yet to be seen which will give a clear signal for the Markets to move. The markets have been positive for a long time and the reactions have been very mild. It is better to concentrate on individual stocks rather the markets. IT stocks have given good results including Wipro which came in the evening.HAPPY TRADING AND INVESTING.
Today
It is winter month in Bangalore but its like summer with no cold. But the summer for Markets is good with the index and Nifty rising today.The sensex rose by 230 points to 27010 and the Nifty rose by 71 points to 8179.Many factors are responsible for the rise of the Market. All the Asian Markets are in the green, with poor Economic data from USA it is doubtful if interest rates will be raised,which is very good for stocks.
The rupee has been strong against the US dollar by 22 p s at Rs. 64/82 per dollar.Stocks like Tata Motors rose by 8% after JLR sales in China rose by 3%. It is better to have Tata Motors only for trading but not for investments.As, Automobile stocks are a bit confused with contradictory opinion from different quarters. Adani rose by 14% after the Australian Environment Ministry reissued clearance to the Companys mega US $7bn Carmichael Coal mine and Rail project. The results of many companies this quarter have been good so it looks like the Markets will go up.
Bihar Elections have to be watched as a victory in Bihar to the ruling BJP at the Centre will enable it to get more Rajya Sabha seats, the upper House of Parliament so that the intending reforms can be carried through.It is better to book profits periodically with some stocks, with good Investment stocks it is better to trade and build up your holdings. HAPPY TRADING AND INVESTMENT.
Today
Due to some inconvenience todays post will come tomorrow ie Thursday 15th october
Today
Good Evening All, the weather in my city Bangalore is pleasent with rains. The markets have been good this week withouth a break,the BSE sensex was up by 102.97 points at 27035.85 and the NSE was up by 24.50 points at 8177.40
The IMF has cut its growth rate for Asias third biggest Economy to 7.3 percent from 7.5 percent in fy 2015-2016.But stressed Indias groth prospects remained favourable. Caution prevailed as the Market ahead of second quarter earnings from October 12 showed that Indias services sector activity was lower due to tough economic conditions,which justified RBI by cutting rates by 50 basis points. Which was a big boost for markets.
The metal and realty indices rose, realty has risen due to the rate cuts anticipating furthur demand. But, investors should be cautious with realty stocks as the transactions are not transperent. China Markets have been closed for a week.Europe is stable. Now there is a buying opportunity for long term investors and traders can book profits periodically.
Today
The sensex was up by 376 points going to 26154 and Nifty was up by 105 points going to 7948. The European and Asian Markets were up. The FII s have been selling so Markets have been in trading range with a downward bias for long. But now before the rate cut markets have been giving a chance to the Bulls and Bears. Yesterday ie the 29th of September Tuesday the RBI has cut the rates ie the repo rate by 50 basis points. That is why the Markets have gone up, loans for vehicles and housing will be cheap that is why housing stocks went up. But, it is not worth buying housing stocks for investment as there is an huge housing inventory which has not been sold.
This cut in rates might give a boost for housing stocks in the short run but certainly not for investments. The general tendency with a rate cut is lending rates will come down. With a cut in lending rates manufacturing might do well as loans are available for plant and machinery.After the rate cuts markets have formed a bullish bias and the FIIs which have been selling might start re entering . It is better to concentrate on stocks rather than the market. HAPPY TRADING AND INVESTING.
Today
Good evening all this being a festive occassion I wish you all a Happy Gowri Ganesha festival. Today Markets went up the sensex by 258 points touching 25964 and the Nifty by 70 points touching 7899. The Markets are up because today ie late in the evening the FED rate will be announced. the expectations are a the fed rates not rising and it will be the same. The Markets are also betting on a rate cut by RBI on September 29th meet.
The Bank and Pharma stocks surged midcaps were down today the markets are reacting to everyday news without a solid base. Funds have deserted the market it is the domestic funds that are supporting the market. Take care and book profits periodically HAPPY INVESTING AND TRADING
Today
Markets were up today the Nifty ended up by 130.35 at 7818.60 and the sensex ended up by 401.71 points at 25719.58. The Indian Markets followed the Asian Markets and went up and India followed it. China is making some efforts to accelerate construction projects and some other measures. The fundamentals seem to have taken a back seat with technicals taking over as of now, the markets fell defying all fundamentals and technicals for sometime. China was or is a worrying factor. Nothing much positive has happened in such a short time in the world. I cant write much now, the best thing is to hold on to your stocks which you have bought pre fall, wait for sometime as market will be range bound. Happy Trading and Investing
Today
Today markets were down, by 242 ponts in the bse at 25453 and nifty by 68 points at 7717 the gains gained earlier have been erased as their is a continuous selling in Bank Nifty, the Foreign Institutions have been selling at a continuous spell and this has led to less funds in the market. The Shah committee report on MAT did cheer the markets initially but was dragged down further by continuous selling. The International situation is bad, so markets have been at a low for a long time. A lot of waiting has to be done before entering the markets and selective trading has to be done. Cautious Trading and Investing is reccommended.
Today
Markets were up by 100.01 points BSE being 27931.64 and Nifty by 28.6 points being 8495.15. Indian equities gained higher amid fresh buying in health care and consumer durables. Export oriented stocks like Sun Pharma hogged the limelight as the rupee dropped to a near two year low. Metal stocks were down due to gloomy Chinese economy.
On the global front Asian Equities ended lower barring China as Investors awaited cues over U.S. monetary tightening policy. The Make IN India policy have made Smart Phones manufactured in India share jump to 24.8%. To pull in Foreign Investment Government has raised the FDI cap in the Insurance sector and Defence. It has relaxed policy in Railways, Construction and Medical devices sector.So, these stocks can be looked into. Under Current of Market is good. HAPPY TRADING AND INVESTING.I will not be there next week.