Blog

Today market was down, BSE went down by 354 points to 27512 and NSE went down by 113 points to 8349.The markets are good in a way because they were over valued. The correction was much necessary, the devaluation of the Chinese currency Yuan has made the China cheaper as it can dump its goods in the International market. That is why, Tyre manufacturers are in trouble as one in four tyres that come into China are from India. It will be a problem for the Indian currency as it has become very weak and imports which are required as raw materials for Industry will suffer. Luckily crude has come down so for India were we import a substantial quantity of crude will be cheaper making us spend less on crude. Software exports will be good as Rupee has gone down steel stocks did well, as the Government has increased import duty on steel. The Consumer Price Index slumped by 3.78% The Industrial output rose to a four month high of 3.8% compared to 2.7% in the previous month.The passing of the GST in the Rajya Sabha appears to be doubtful due to pandemonium in parliament. Non passing of GST is a negative to market. The increase in Industrial production and fall in consumer price index is good news for the market. Trade and invest carefully HAPPY TRADING AND INVESTING.

Today markets were up. The NSE went up by 51 points touching 8567 and the bse went up by 151 points touching 28223. Bank stocks reacted especially Canara Bank which fell to Rs 304 down by Rs 5.40 as the 1st quarter net profit fell due to a huge spike in provisions. FMCG stocks did well. Marico reported good 1st quarter profits  and volume of business has grown by 5%. Public sector Banks dont seem to be on a good wicket, as they have a lot of NPA s and provisions. It is yet to be seen, with the Government recapitalising them how they perform?All stocks are moving up except telecom, due to the rise in cost of airwaves and increasing operation costs. One should be extra cautious while you trade now, as it is tempting to do business as every share is rising. Book profits periodically and enter at low levels. HAPPY TRADING AND INVESTING.

Today the Markets went up by 104 points to 27563 the sensex  and the Nifty went up by 38 points to 8375. A lot of foreign investments in Equities are coming in amounting to Rs 7300 crores in July. The Fed rate hike in the US is expected to happen, and next week we have our RBI rate season. Tomorrow is end of account being a Thursday so, market watchers are waiting. Results of FMCG company like Dabur came through today which has been good, and Pidilite both which we have recommended in the past have been good. The China factor some people say is ignored, but it is yet to be seen. As markets were down most of last week, short covering has taken place which has led to increase in prices of shares. The markets will react tomorrow depending upon the FED rate hike which will be known tonight in India. Happy Trading And Investing.      

The sensex went up by 322 points reaching 28504 and the Nifty by 104 points reaching 8633. The buying by domestic investors through the Mutual fund route is taking place. The expectation that the GST bill to be passed in Parliament is one of the triggers, though Global Markets were low. But still the doubt of not so good results remain. It is just a trading market. Hapy Trading and Investing. Nothing much to write about.

Markets were up today, the sensex went up by 248 points touching 28446 points and the Nifty was up by 84 points touching 8608 points passing the psychological 8600 mark. The markets were up as the Greek crisis went into the background were the Greek Parliament accepted to end austerity measures like cut in pension and raising of taxes.The narrowing of the trade deficit with the US at US Dollar 10.8 billion against US Dollar 11.7 Billion in the same month previous year has lifted market sentiment. There is an expectation of a rate cut by the RBI in August  with the WPI and CPI coming in line with the June estimates.The quarterly results of TCS has been good which is encouraging for the markets.Internationally also the markets have been positive. The Chinese Markets which were very down seen to have recovered very well because of the steps taken by the Chinese authorities.Pipavav Defence an Anil Ambani group company rallied 3% as they have bagged an order of 3 billion Dollars from Russia to build a warship. The Make in India campaign success story is this one or one of the important ones.The Make in India Campaign will be very good for the Markets in the long run. In the medium to short term the Corporate results are to be seen combined with the International situation. HAPPY TRADING AND INVESTING

Article supposed to be published today will appear tommorrow ie Thursday 16 th July

Today the sensex ended by 484 points closing at 27687 and the Nifty by 148 points closing at 8363. The Nifty ended below 8400 below the psuchological mark.  The markets are hit by crisis after crisis, first it was the weak quarterly results, and then came Greece followed by China. China was the the benchmark due to its new found wealth and it has become prosperous thinking that it can never look back. It being a Communist Government does not understand or cannot think to understand the Markets are supreme. The Government of China has been thinking it can support business forever and keeping its currency pegged to the dollar. Real forces seem to be not working in China it is a Government supported market. Now, the share market in China has come down drastically indicating weakness in demand in the Economy. But, the real tragedy is, commodities like steel have less demand now, due to China consuming less. That is why shares like Tata Steel have come down and shares like Tata Motors which makes Jaguar cars also have come down because of low China demand.   Greek is another cause which has become bankrupt due to the austerity measures there with no income generated. It might come out of the Euro, as it has rejected the ban on austerity measures. Now, how will the banks support Greece, which cannot support its old debt. The silver lining today is Europe has picked up today as Greece has said it will hammer out a solution in 2 to 3 days. Markets are playing round to the news everyday, so one has to be careful while entering markets. Profits cannot be expected easily and fast, one […]

Today markets went up by, 240 points to 28020 in the BSE and the NSE went up by84 points to 8453. The main news is the Greek Prime Minister has agreed to the conditions with minor changes for rescheduling their debt. This has perked up the markets. The Foreign inflow has started with the domestic investors participating. With a lot of new issues hitting the market it has given cheers to investors , imposing confidence in stock market. The markets have become news driven, and it is used to pull down or pull up markets.   Sceptics like our RBI Governor say that there will be a Great Depression combined with the Greek crisis. There is a contrary opinion that, Greece is a very small place of no significance. So, it will not effect the stock market. But, it is also said that there will be a contagious effect on other European countries, which is most likely. We export a lot of Auto components to Europe so it has to be watched. The Annual results and the fourth quarter results have been bad, thats the reason markets were bad for sometime. The encouraging thing is there is no policy paralysis and policies are taking place now.An active Government is good for Markets. The best thing to do is be stock specific and observe its movements. As, a good stock will have a temporary effect whichever direction market moves.Be cautious and trade. HAPPY INVESTING AND TRADING.

Markets were up today,with the sensex up by 166 points going to 27895 and the Nifty up by 37 points going to 8398. The Markets seemed to have shrugged off Greek crisis despite the Nation not reaching a settlement.There is an ongoing correction in Chinese markets, as they seem to be overvalued so FIIs might relocate their portfolio to India. Domestic Institutional Investors are outbeating Foreign Investors by buying stocks. Infact with more sales made by Foreigners it has been absorbed by Indians, so the markets are keeping in good health. The world over steel production has declined by 2.1% except India. So, steel stocks have to be watched out. Today was the last Thursday the end of account, but the markets which were little dull in Morning recovered later and its positive. It is good to be cautious and book profits periodically and enter value stocks at intervals. HAPPY TRADING AND INVESTING. P.S.Yesterday ie Wednesday article has come today as i was unwell thanks.

Good Evening everyone its raining in Bangalore making it difficult to go home with a creaky Infrastructure. Markets were good today with the rise in 30 share bse index by 146.15 points rising to 26832.66 and the 50 share Nifty rising by 44.25 points to 8091.55. It has been more of a relief rally which had been depressed for a long time.The Government has notified hike in import duty of steel products which led to a rally in steel shares from 2 to 7%.The workers of Tata Steel in UK have proposed to call off their strike to rework the pension plan which led to, its rise. The US Federal Reserve is meeting today to discuss the Rate hike, which is expected not to happen. The Markets all over the world are focusing on the Federal Reserve. The markets are behaving technically there is no good reason to go up or down.But, it is better to stay alert as there are a lot of buying opportunities. HAPPY TRADING AND INVESTING.