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Markets today on 6-11-2019

The markets reached an all time high today. The Nifty reached a pshycological 12000 level intraday for the first time since june 11th,, it closed higher on November 6th driven by Technology stocks and private banks. The nifty reached 12000 level but ended at 11966(+48points) and the sensex closed at 40,469(+221 points.)the market cap for the entire market decreased ,leading to more stocks declining.Actually the index reached record high due to rise in large cap stocks.Infosys reached 712.40 inr a 16.40 inr price increase.Despite the whistleblower comments infosys price has not decreased, rather the order book has been strong, it is getting larger deals.It is better to select large cap stocks and stick to them, rather than selecting mid cap stocks which are risky.Source; Moneycontrol and bloomberg quint.
By |November 6th, 2019|Uncategorized|0 Comments

Today 4th of November

The index was up by 50 points closing at 11941 and the sensex was up by 136 points closing at 40402. The sensex hit a record high. The markets are going up due to a lot of all round buying. US markets are also up, the global markets are up except Nikkei the Japanese index and Jakarta. The auto sector is showing a bit of improvement, Life insurance companies are doing well, with the improved results of insurance companies. But they seem to be highly priced, and should not be purchased immediately. Fund buying also goes on, with the high gowth in Index stocks it shows mutual funds will be buying.
By |November 4th, 2019|Uncategorized|0 Comments

Today the 29th of October 2019.

Tax rate cut expectations pushed sensex up 600 points, samvat 2076 started on a bull run , as the nifty50 and the sensex closed above the crucial resistance level to a 4 month high on October 29 helped by short covering. The sensex rose 581points to 39831, while Nifty closed 159 points at 11,786.The market which was already trading at a positive bias picked up momentum after media reports suggested that PM Narendra Modi and Finance Minister Nirmala Sitharaman are planning a series of tax alignments for equities in the comingweeks in a bid to furthur boost investor sentiment, sources in the Finance Ministry and Niti Ayog said. 50 stocks closed highest level since budget. 1055 stocks advanced and 732 shares declined on NSE. A 6% growth for the whole year is expected says Mark Mobius veteran investor. Mikesh Ambani the richest person in Asia says Indias economy slowdown will reverse in coming years, and Reliance will be investing in Saudi Arabia. Mahindra and Mahindra has delivered close to 13500 vehicles on Dhanteras,the number was higher than deliveries last year.We had recommended Mahindra & Mahindra at 550/ on 27/08/2019, quoting 611.80 on Nse today. Most ideas today are sourced from Bloomberg quint and Moneycontrol.
By |October 29th, 2019|Uncategorized|0 Comments

Markets

Matkets were flat today, ie in between they went up well and closed flat. The corporate results are mixed, and the mood of the markets and investors seem to be in a bad mood. It is in a trading range. The stocks which were doing well have been doing bad. One has to take care in investing and book profits periodically.
By |October 23rd, 2019|Uncategorized|0 Comments

Today

Markets were good in the start and ended downward, at the end. The trading is listless with no interest to trade, trading for the sake of trading seems to be the mood now, markets participants with real interest has come down. People are interested in speculation and futures and options. When bulk of trading takes place this way , interest in markets go down as participants are less. Some selective stocks can be bought and sold. Take care while investing and trading.
By |October 14th, 2019|Uncategorized|0 Comments

Markets Today

Markets were down today, sensex was down 244 points at 38061 and the Nifty doen 74 at 11283. The Banks NPA crisis has taken a toll on Markets, as most Public sector banks have NPA the confidence in the system has shaken. The age old wisdom of lending with prudence has to come back.

STOCKS

Mid cap and small cap stocks. It is said not to follow mid cap and small cap stocks, as they might deceive you. What is mid cap today might be a latge cap tomorrow. Eg.. Berger paints which was quoting at inr 264.80 on 15th jan 2018 is inr 441.45 on 27th sep 2019. It is a growth of 66.71%. The stock market should be looked into the workings of the company and volumes of the share. Better the volumes, good is the share due to good workings of the compay.
By |September 30th, 2019|Uncategorized|0 Comments

Shares

The Nifty fell by 12 points and the sensex went up by 7 points to 11588 and 39097 respectively. Today it was a healthy correction after two blockbuster days. PSU Banks plummeted and IT stocks shined. Though PSU Banks plummeted City Union Bank rose to 223/ rupees a rise if rs7/ 3.24% appreciation, this bank we had recommended at 45/ on 24/09/2010 a nearly 43% plus every year or nearly 388 % rise in 9 years. Some stocks though banking sector is weak will be profitable. Stocks like CUB have less NPA, and are performing well.Keep an eye on selective stocks and track their movement.
By |September 24th, 2019|Uncategorized|0 Comments

Markets

The markets were up today, the senex up by 1075 points at 39090 and the nifty up by 326 points to 11600. There i a lot of short covering so the markets are up. Short covering means selling stocks in anticipation stocks will come down, before the Finance Minister announced the cut in corporate taxes markets were down, so market players had oversold stocks thinking that, they will come down. This has led to the markets going up as a lot of buying has taken place, as market players have sold a lot of stocks, so they are buying stocks, that is why markets are going up.
By |September 23rd, 2019|Uncategorized|0 Comments

Tax Rates

The Finance Minister slashed corporate Tex, the stock markets went up. But the demand is slow. the manufacturers should study market and produce, whatever tax exemptions are given, it will not be for long ie stocks cant remain good for long. The conditions are different, as my dear friend had stated the manufacturers should find markets abroad.
By |September 20th, 2019|Uncategorized|0 Comments