Today
Hello everyone, the weather in my city Bangalore is getting hot and Markets are also hot going up, the conditions are mixed. When markets go down we tend to be pessimistic and say that the Bear phase has started, and to be careful and gains of 2014 will not be there in 2015. But, the market underwent a deep correction and is recovering now. It is good and a lot of trading opportunities are there, if we had bought stocks last week we would have gained a lot this week. The former RBI Governor Subba Rao says that, India is the only country in the BRICS segment which is doing extremely well, with the Inflation being controlled. There will be a lot of fluctuations in the days to come, it is best to book profits periodically and re-enter at low levels. On the whole markets are on a roll it will certainly help those who are patient. HAPPY TRADING AND INVESTING.
TODAY
Markets went down badly today, I personally think, it is a correction the Bombay index fell more than 600 points and Nifty fell more than 180 points.The reason given is the Saudi Arabia attack on Yemen to flush out extremists. It is called Geo-Political tension. Oil has risen due to its successive fall over a period of time, now it has risen more, because of the Yemen crisis. Oil rising is not good for the Economy of India, as it stokes Inflation. But, the silver lining is, IT companies contract renewal is happening now. So. IT companies like Infosys and Wipro will have business. The problem faced by IT companies is there is a demand to reduce prices of the contracts to be renewed. So, there will be pricing pressure which will effect the profitabibility of theirs. The Land Bill is to be passed in Parliament, and the Government is working hard to convince Farmers that no negative impact will be on them. The ordinance will expire and it has to be passed in the Rajya Sabha, were the numbers of the ruling party are less. Markets were bound for a correction which is happening now, to recover it will take more time.
The returns will not be as good as 2014, one has to wait for good returns and lot of hard work has to be done in spotting good stocks. FMCG is a safe bet as they are defensive stocks, and there is a continuous demand for their products whatever the economic situation. HAPPY INVESTING AND TRADING
Today
Markets were down today, waiting for the Federal Reserve decision regarding interest rates. Shares across all sectors are moving up and down. The Land Bill is passed in Lok Sabha and 49% FDI in Insurance is allowed. FDI has increased Foreign funds are investing in Indian Debt Market. The Government is on a firm footing and proceeding well.Select shares after a Thorough study and book profits periodically.HAPPY TRADING AND INVESTING.
Today
Markets are dull now, with a fear of the US raising interest rates, the markets are over valued technically.So, a healthy correction has set in. Telecom companies are spending a lot of money on spectrum auction, which might effect the profitability of telecom stocks. The coal auction also has got in a lot of money to the Government. But still markets are dull, as stocks are much over valued , what is taking place is a healthy correction which had to happen. Profits can be made slowly. Have patience we will all reap benefits, I remember in early 2000 M&M was Rs 40/ now it is above Rs 1000/ be on the look out for good stocks. ITC, is one such stock which is doing well in its FMCG businesses, which are growing every year in addition to its cigarette business. HAPPY TRADING & INVESTING.
Today
Today the market touched 30000 the highest ever due to the surprise rate cut by rbi of 25 basis points and it came down to 29380 falling 213 points. No special announcements in the budget but, it seems to be a practical budget were the resources are enough to meet the ends , no special and unrealistic promises are made. THE COMPANIES ARE FEELING GOOD about the 5% cut in corporate taxes to 25%.The 4th quarter results which are going to be announced in April are to be seen.Stocks seem to be over valued so this correction is bound to take place. Invest with care go slow on buying. HAPPY INVESTING AND TRADING
Today
The summer is starting in right earnest and the mood in the market is not as hot as the summer, but little cautious ahead of the Rail Budget on Thursday, ie 26th February were expectations are high.Now, coming back to brass stacks ahead of F&O expiry markets were flat F&O expire on Thursday 26th February. Tech and IT stocks have risen as they are not concerned of any budget provisions, only the rupee fluctuation effects these sectors. Many manufacturing Industries are effected by budget provisions.
Overall breadth of the Market was weak, on BSE out of total 3147 shares traded, 1284 advanced and 1731 shares declined and 132 shares were unchanged. The 14th Finance commission recommendations have been accepted by the Government, the states will be given more money to spend which will lead to more development, which can be called Economic Federalism. Through this the Economy will flourish as states have the freedom to develop thereby leading to decentralisation of the Economy, which is good for Stock Market. Markets will do well but it is better to wait for the Budget to complete because of wild price swings.HAPPY TRADING AND INVESTING.BUDGET IS ON 28TH FEBRUARY SATURDAY.
Today
Hello. everybody. The weather in Bangalore is becoming hotter and the stocks are also heating up. The stocks heating up is a good sign as the money is being made. IT stocks and Private sector Banks have gained as, the NPA’s in Private Banks are less, Government Banks have performed ok. The results of Government Banks have been bad but, prices of these shares have been stable due to the Euphoria in Stock Market. Great care has to be taken while buying such stocks, as the bad results might result in shares falling down.
Dipen Mehtha of HDFC securities says big money has started flowing into domestic mutual funds. Defence stocks rallied due to the Prime Ministers push for the sector. Eg.. Beml, Astra Microwave and BEML. with the preference given to made in India products. Adavances of shares outnumbered declines today by 1605:1305 The good news from Europe is Greece gaining as they are submitting a loan request to Eurozone.It is difficult to buy Investment stocks right now and only stocks can be bought for trading. FMCG stocks have performed well. These stocks are defensive and can be bought for long term also at corrections. HAPPY INVESTING AND TRADING.
TODAY
The Markets right now depend upon the budget, many quarterly results have been weak. Markets are in trading range as retail participation has not gone up to expectations. This week markets were volatile with highs and lows. The euphoria seems to have faded out, and reality has set in. Shares were very highly valued so many stocks were expensive. Stocks seem to be coming down to realistic levels and seem to be affordable now. It is better to book profits periodically and re enter at lower levels. HAPPY INVESTING AND TRADING.
today
will update next week
Today
The NSE Nifty ended a record high kissing the 9000 mark, but came down ahead of january F&O series expiry on Thursday dated 29/01/2015.It ended 3 points plus at 8914.The sensex was down by 11 points at 29559.Investors are cautious over the US Feds two day policy meeting .According to Pramod Gubbi of Ambit Capital the US rate hke is likely to be there. FMCG companies might do well due to fall in Inflation.Markets are in a good mood with minor corrections. HAPPY TRADING AND INVESTING