The BSE Sensex rose by 221 points at 37887, NSE rose by 60.55 points at 11450.Today City Union Bank first quarter results were declared Net Profit has increased from INR 152.13 crores in March quarter to 161.65 crores in June quarter. It closed at 177.80 up by4.20% This stock has been doing quite well.It was around INR 45 in 2010.
Ashok Leyland is a good stock but, a slow growth one It sees 40% growth in Commercial vehicle segment.It was quoting at 125/ at 3.26 PM a good stock to watch but slow returns.Of the overall 1st June quarter results 44% were positive ie 424 stocks,17% were negative ie 168 stocks and 39% were flat ie 373 stocks. By these figures the overall markets seem to be strong. This is the reason for markets to be good. The trade war continues to be there. Banking stocks might do well, as the demand for money will go up ie official channels due to demonetisation and development of many bussinesses due to the downward real estate. Markets will do well especially stock markets, and manufacturing. Trading of commodities, and any organised market will do well as business will improve.
