Indian market closed lower for the fourth day

Indian Indices closed lower for the fourth consecutive day. Today being the closing date of F&O the volume was bigger. Global indices also played a key role in shaping the mood of the market. Once sensex slipped below 16,000 mark. Reality, metal and banking sectors were the worst performers. Some recovery was seen during noon but panic selling witnessed during the last half an hour of the trade. Sensex closed at 16053 down by 231 points. Nifty closed 4751 down by 76 points.

Only FMCG stocks witnessed buying interest. It was a bad week for Indian bourses as a whole. On a monthly basis also it is worst performance. During the beginning days of this month huge buying interest seen in Indian stocks and sensex was at 17,000 level. But when headed towards the end of the month selling pressure increased considerably.

But when we consider the positive side of this it is advisable to buy index stocks at this level since market will bounce back sooner or later.

 

Sensex slipped below 16,000 mark

Selling pressure witnessed for the fourth day in Indian bourses. According to market participants weak global cues are the main reason behind the sell off. Today being the F&O expiry day there will be some buying interest during the end of the day. Reality and metal sectors witness the selling pressure more. Bombay sensitive index or sensex slipped below the psychological level of 16,000 during early hours of trade. Now the sensex is at 16114 down by 169 points and nifty down by 44 points and now trading at 4782.

Indian markets are well under control of bears. It is believed that the sentimence would continue. Now is the right time to buy good stocks.

 

Increase in trading hours attract mixed response

SEBI approval to increase the trading hours in market attracted mixed response. The 2.30 hour increase in trading time will result in increase participation from the part of traders. But lot more to be done to make the change become possible. The clearing houses and bank should increase working hours to cope up with the change. Financial services firms have to declare increased working hours which would result in additional expense for companies in terms of manpower and other infrastructure facilities.
In the long term the normal working hours in the financial services firms including banks and insurance companies would be 12 hours. Broking firms should open earlier by at least one hour to make the earling trading possible.There were problems regarding not receiving files from exchanges which had resulted in panic. If the time extends the magnitude of this problem would also increase. It will take considerable time for the smooth working of extended trading hours.

Extending trading hours

There are rumours saying that SEBI has approved the proposed increase in the trading time. Now the trading hour in Indian Market is from 9.30AM to 3.30PM. According to the new proposal the trading time will be from 9.00AM to 5.00PM. Which will be in line with global timing and also the currency trading timing in the exchange. During the time of currency futures  launch there was much pressure in increasing the trading time in line with the global trading timing.

The time change will increase the volume in exchanges but there will be a revolutionary change in the financial services sector. Now also banks are promising 24*7 services brokers will also be forced to extend their working hours. According to exchanges increase in time means increased participation from traders.

 

Indian market opened strong

After three days of losing streak Indian bourses opened strong. Huge buing was seen across sectors. Beaten down sectors like reality& Metal were hot favourites among traders during opening hour. Greenish trend in Global markets also played a major role in shaping the sentimence of Indian traders.

Yesterday sensex left behind 17,000 mark and Nifty came down from 5000 range.

Strong performance by congress and it's allies in the assembly elections held in Maharashtra, Haryana and Arunachal Pradesh is another reason for today's buying interest. Hike in crude oil price and rising inflation are major concerns. But the hope on congress in greater than anything else. It is advisable to buy beaten down index stocks now. During afternoon there will be some profitr booking and market may close in flat note.

 

Sensex below 17,000

Indian market witnessed selling pressure for the third continuous day. The never ending profit booking is the main reason behind the downfall of indices. The seel off story from European indices also weighed the sentimence. Sensex now trading below it's psychological level of 17K. Nifty left behind 5000 level and now trading at 4900 level. Selling activity turned towards midcap stocks. When the markets heading towards closing there will be some buying interest.
There are more and more positive news like good Q2 numbers. But the impatient traders are avoiding all of them. The projected growth rate of 6.75 is another reason to invest in stocks. I think the panic selling will continue till tomorrow afternoon. Tomorrow expectation of closing flat or well above. Next week there will be buying interest from the part of traders. Selling pressure witnessed in the recent star sectors was also another factor leading the market to loss

Read detailed story;
http://www.moneycontrol.com/news/local-markets/nifty-breaks-5kweak-european-cues-dlf-lt-dip-4_420319.html

Profit booking continues

Indian stock market witnessed profit booking for the second consecutive day. On wednesday Indian traders were selling shares from the opening bell itself. Selloff in the global markets also influenced indian traders.

Only during the end of the week there will be buying interest from traders. Auto, FMCG and banking sector witnessed selling pressure.

Sensex closed just above 17,000 mark at 17009 down by 214 points. This was a recent blow for BSE. Nifty also witnessed selling pressure and closed down by 51 points at 5064.

It is advisable to buy at corrections.

Indian market ended in red

It was a surprise day for Indian market. Market opened in green. It was in it's green terrain throughout the morning session. But in the afternoon indicies witnessed profit booking. Profit booking was expected in Indian bourses after diwali. Oil and gas and consumer durables witnessed selling pressure. Across sectors it was mixed response. Sensex closed at 17223, down by 103 points. Whereas nifty recorded a loss of 27 points and closed at 5114.

In the remaining three trading days there will be volatility in the market. Disinvestment and Q2 results are the main drivers in this week. On friday there will be huge buying interest across all sectors. Markets are bullish in the short term.

 

Muhurat trading will decide fate of the market

Indian bourses are strong now. Market witnessed rally ahead of Diwali. It is believed that muhurat trading (one hour trading during Diwali) will decide the fate of the market. The great Indian bull Rakesh Jhunjhunwala predicted that market will reach at it's peak at the beginning of next year. It is the opportune time to buy under valued stocks. On muhurat trading day usually Indian market will be under control of bulls. (Some doubt this time since market closes for long weekend). FIIs are watching diwali season in patience and they will decide after muhurat trading.

In short muhurat trading will decide the fate of the market.

Indian telecom stocks undervalued now

Indian markets are well back on it's track. Ahead of diwali Indian bourses are strong. For the third day in this week Indian Indices are immersed in green. This can be an opportunity for an intelligent Investor.

As an impact of IRDA guideline of second billing telecom stocks except Tata communications plunged. The failure of MTN-Airtel deal was another reason behind the blow. In three days Indian telecom stocks plunged 4.5%.

The selling pressure on them still continues. When SEBI said that they will check the books of Reliance communications the sahre of the company witnessed huge selling pressure.

Telecom stocks are now undervalued and can be bought now. These would prove to be a safe bet in the near future.

 

Picks: IDEA and Apollo tyres.

 

 

Gold price hike and indian customers

Gold is heading towards new record. In the international market yellow metal is glowing like anything. As a reflection of the same indian market also witnesses price hike.

There is a contradiction actually took plcae in the upsurge of Gold price. In normal case when equity markets are up the price of gold would show downward trend.But now equity markets are giving good returns. Dow jones crossed 10,000 mark after October 2008. In India also markets are heading towards it's peak.

India, being a major consumer hub of gold, is witnessing a huge price hike. There are analysts saying that it's a golden bubble and one day it would burst. At the same time when prices will reach at it's peak there will be less demand and as a result price may fall. When dollar gains strength that would reflect in gold price also. These factors would workout in the recent future.

 

Indian market ends flat

Indian market ends flat.After two days of upward trend volatility seen in Indian market. Market opened green but profit booking continued till the end.
In the coming days also some volatility will be seen. Diwali and muhurt trading will be the milestone in the Indian market. It is a custom that on Muhurt trading bourses will end up in green. Last year, in the middle of recession also the trend was the same.
Sensex closed at 17195 down by 36 points and nifty closed at 5109 down by 9.35 points.Mixed response witnessed across sectors. IT and Health care were main draggers. Metal and Banking stocks witnessed huge buying interest.

Market volatile

Indian stock market opened high. But after some time some profit booking seen in Indian bourses. Markets are volatile now. It is believed that consolidation has been taken place in the market.

Both sensex and nifty will remain in 17,000 and 5000 level respectively. Telecom stocks are under axe now also. SEBIs announcement to check audit issues of Rcom is another blow for telecom companies.

In short term Midcap and small scrips would witness buying interest by FIIs and DIIs. Now this would be a lottery for the small scale investor.

Bank onb every opportunity is the call of the hour.

 

sensex, market,opportunity

 

Indian market at it's 17 month high

Huge buying interest witnessed in Indian market on wednesday (14-Oct-09). After a gap of one day due to Maharashtra elections traders bought shares enthusiastically. It is believed that Indian bourses would witness more upsurge in the coming days.

Metals were the hot picks among traders. Dollar depreciation is the main reason behind it. Base metals showing more activity. Another reason for today's surge is the exit poll results in favour of congress party in Maharashtra. Indian Rupee appreciation also one major factor. More and more companies are posting positive results in september quarter this also played significant role in forming market sentiment.

India incorporated is out of recession. Index stocks are witnessing buying interest. When they become over priced there will be buing interest in the small and midcap space. Investors should concentrate in these sector now.

Sensex closed at 17231.11 up by 204.44 points and nifty posted gain of 63.95 points and closed at 5118.20. Both indices are at their 17 month peak.

 

View detailed report

http://www.moneycontrol.com/news/local-markets/nifty-ends-at-17-month-high+ve-global-cues-metals-zoom_419291.html

Indian market ready to boom ahead of Diwali

Bullish rally ahead of diwali will be seen in Indian market. Traders are optimistic about the market now.They think Indian bourses will surge in the coming four days. Last time also huge buying was seen in the diwali week. After that some profit booking took place. FIIs also uses this opportunity very well to make profit.

Sensex closed above 17,000 mark and nifty crossed 5000 mark. Industrial production in the country shows an upward trend which is a good sign for investor. After by elections also there will be some buing interest if congress doing good. Q2 numbers of companies will also make significant effect in the market. This is the right time to buy undervalued stocks. Traders should try to milk the opprtunity arises in the short term rally.

 

Market ends weak for the week

Indian markets closed weak.It was a volatile week for the market.From the very beginning of October Indian markets showed an upward trend.Bulls were in control. FII inflow happened in a huge manner. Both sensex and nifty crossed 17,000 and 5000 mark respectively. But when reached the second week some profit booking have taken place. I think FIIs were inactive in this week. They just watched the show. As a result volatility witnessed in Indian market.

TRAIs recommendation for second billing came as a shock for Indian traders and increased selling pressure was witnessed in telecm stocks. RIL announced 1:1 bonus which was a diwali gift ahead of diwali for indian investors. But indices failed to reflect the enthusiasm. Indian market underperformed golbal peers for the week. This week Indian traders neglected global cues completely.

Both sensex and nifty down by about 3% for the week. IT stocks were main losers above 7%. Inspite of good infy numbers traders sold tech stocks. For the coming week I expect some volatility in the first two days. There after market will become consolidate. After diwali bulls will be back. Sensex will remain in 17,000 range till the end of september.Nify will trade above 5000mark. Short term rally is expected in telecom and IT stocks since bottom level buying will take place in coming days. Airtel and IDEA looks hot for the coming days.

Bullish,volatile then plunged

Indian markets closed in red on wednedday.During opening bulls were in control. But that sentimence remained only fro a while. At noon market was highly volatile.Panic selling witnessed in IT, Oil and gas and Auto stocks. When market headed towards closing selling activity increased. Only consumer durables and metal stocks were favourites among investors. Both Nifty and sensex closed below psychological levels of 5000 and 17,000 respectively. Sensex closed at 16807 down by 152 points where as nifty was down by 42 points and closed at 4986.

It is believed that market will be range boung in short term

 

Detailed report available in moneycontrol

http://www.moneycontrol.com/news/local-markets/nifty-closes-below-5k-amid-volatility-it-banks-drag_418249.html

Market shoots up

Indian Market shooted up on opening. Traders are optimistic today.Sharp upward trend seen in the opening. At the time of writing it nifty up by 35 points and sensex by 122 points. Yesterday senssex was below 17000 mark but today it opened well above 17000. Metal,Reality, FMCG, Engineering are the major gainers. I expect market to be rangebound today and will close flat today.

Some selling pressure is seen now.

According to the sentiments from market the trend will continue.It is expected that Indian Market will touch it's all time high in this year.

IPO market and Indian Investors

After the worst financial crisis in 70 years Indian markets are well in track. It is said that financial meltdown in the US started in December 2007 and continued for one and half years. Now the situation is well under control, thanks to government aids to the economy. Legendary investor described the crisis as one in a lifetime. All major banks and financial institutions in the US collapsed. Millions lost their job around the world. Unrest seen in Australia. Indian students were attacked. Anarchy took place some parts of the world. This was the result of then recent meltdown. The 'U' curve in the economy took the turn and now it shows signs of steadiness. The worst is almost over.

In Indian context the effect of global financial crisis was not that bad. Real estate sector, where prices were at it's peak, witnessed liquidity crunch. Tourism and aviation sectors also witnessed slowdown. Techies and financial services executives lost their job. Government came forward with three stimulus packages injected the same into the economy. Now it is believed that Indian economy regained it's health and can compete china. Recently concluded G-20 summit was a milestone in the economic aspect of India. All big economies in the world agreed that India is a giant economic power. India is one of the few markets which is less affected by the financial crisis.

In India as part of the financial crisis Indian stock market plunged and witnessed it's recent lows. January 2008 was a good month for Indian stock market. Both sensex and nifty recorded their all time heights in that month. But in the same month market started collapsing. Then it was said that the plunge in the market was due to profit booking. But the downward trend continued and sensex came down to 7000 range in October 08.

Indian traders were in panic and they sold their stocks and exit from the market. Now secondary market is very active and almost all the losses were settled. During financial crisis the primary market also was in bad form. Many of the companies postponed their IPO. Some IPOs came in the market but failed to attract investor confidence. As a result IPO market or primary witnessed huge crisis. In 2007 alone 95 IPOs came and majoruty of them were great hit because of favorable market conditions. In the year 2008 only 36IPOs came in the market but failed to collect money. This year sofar 13 IPOs came in to the market. Due to favorable market conditions recent IPOs of Adani power, NHPC and Oil India were hit.

Adani power, the company owned by Gautam Adani was one major IPO after the financial crisis. The issue was over subscribed by 21 times. It is a fact that after listing the companies didn't shine much except Oil India. On the listing day itself Oil India's stock price was up by Rs.100. Indian IPO market is now active and people are more interested in buying fresh shares. Primary market in India slowly gaining pace and this will be the same in the near future.

On 24^th August Bombay stock exchange started IPO index. Which was first of it's kind in India. The index tracks the value of stocks for two years after listing with base date May 3, 2004.Now a days an Investor can apply for IPO through online. Every broker is offering this facility. It's a cost effective practice and the investor need not pay any fees to apply for the same. Investor can also keep the money in the bank account which will only be withdrawn after the allotment. These are encouraging factors which believed to attract the common investor towards IPO market. If secondary market remains good there will be no obstacle before the primary market also.

'Now second is the new minute'-Telecomm stocks tumble

Telephone Regulatory Authority Of India made second billing mandatory. Tata communications was far ahead in this regard, their docomo gsm service was for runner and they started one second billing. Now TRAI made it mandatory.This is a good move for the customer and will attract more and more customers. When 3G come into effect there will be even more participation.But which is a bad news for the major telecom players. After the collapse of Airtel-MTN deal the stock plunged yesterday. The bad omen spread for all telecom players.

Idea stock down around 10%,Airtel and Tata down by 10.5%, Tata communications the lest affected only plunged by 2.15%. Traders expect the earnings of these players will be down.

TRAI's move is a boon to mobile phone customers.Tariff rates will decrease in short term.Reliance already announced rate cut. More competition is expected in the telecom sector.

 

also read related article:

http://www.moneycontrol.com/news/cnbc-tv18-comments/trai-to-make-per-second-billing-must-telecom-stks-tumble_417844.html

 

Bullish rally witnessed in Indian Market in September

September was a good month for Indian market. Almost all the trading days in September Indian markets closed in green. In September there were long weekends but this didn't affect the investor sentiment. On the last day of September sensex touched 17,000 mark after a huge gap of 16 months. Nifty also witnessed huge buying interest and it crossed 5000 mark. FIIs and DIIS are very much interested in buying Indian stocks. In the initial days of September global news played key role in shaping the future of Indian market. FIIs activity was largely concentrated in the indices stocks. During the second half of September small scale investors kept a distance from Indian market and they were very cautious. Compared to index stocks less buying interest was witnessed in midcap and smallcap stocks. On the first trading day of October market witnessed choppiness and closed in a flat note ahead of long weekend.

Sensex closed at 17127 on the last trading day of September. It surged 9.32 percent from it's August closing. Nifty was up by 422 points and closed at 5084 against August closing. Sensex opened at 15691 in September and it's low for the month was 15357. During September four companies listed in NSE including public sector companies NHPC and Oil India. Oil India listing was a great hit since it surged by over Rs 100. During September world observed the first anniversary of Global Financial Crisis. Indian bourses though less affected than other major indices in the world made it clear that it is well it it's track towards glory. As a result FII inflow to Indian market witnessed a major boost.

All category stocks witnessed an upward trend. Banking stocks were the major gainers. Banking index of BSE recorded a gain of 18 percent against last month. Metal stocks marked 14 percent increase. Health care and Auto stocks were also hot picks among investors, both gained 13 percent. Reality and Power stocks were less favorite. Small cap stocks were up by 8.47 percent where as Midcap stocks witnessed 7.5 percent increase in September.

Equity oriented mutual funds also improved their performance. China and monsoon factor were less effective during the month. It is believed that retail activity was also low during the period. Profit booking didn't take place much in September. Investors expect a profit booking or correction in the market in the short term.

Going ahead midcap and smallcap spaces are left vacant for investors. Some profit booking may take place in the coming days. It will be beneficial for the investor to use every opportunity. Milk every opportunity should be the motto of the investor.

Market ends flat ahead of long weekend

Indian stock market closed flat ahead of long week. (I predicted some profit booking-anyway it ended flat)

Throughout the session the market was choppy.Coming week is very important for markets. According to faber the worst is not over yet!.

Sensex ended at 17135, up by 8 points. Where as nifty ended with out any appreciable profit or loss. There was mixed response in the sectoral indices. IT stocks gained most, healthe care sector witnessed some selling pressure.

Some caution is needed for the long term prospective. If one is ready to take risk surely this market is for them.

 

Detailed report available in moneycontrol

http://www.moneycontrol.com/news/local-markets/nifty-closes-flat-pharma-auto-oilgas-down-1_417469.html