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Thursday, October 29, 2009
Indian market closed lower for the fourth day
Wednesday, October 28, 2009
Sensex slipped below 16,000 mark
Monday, October 26, 2009
Increase in trading hours attract mixed response
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.
Friday, October 23, 2009
Extending trading hours
Thursday, October 22, 2009
Indian market opened strong
Sensex below 17,000
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
Wednesday, October 21, 2009
Profit booking continues
Tuesday, October 20, 2009
Indian market ended in red
Friday, October 16, 2009
Muhurat trading will decide fate of the market
Thursday, October 15, 2009
Indian telecom stocks undervalued now
Gold price hike and indian customers
Indian market ends flat
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.
Wednesday, October 14, 2009
Market volatile
Indian market at it's 17 month high
Monday, October 12, 2009
Indian market ready to boom ahead of Diwali
Friday, October 9, 2009
Market ends weak for the week
Wednesday, October 7, 2009
Bullish,volatile then plunged
Tuesday, October 6, 2009
Market shoots up
IPO market and Indian Investors
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 24th 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.
Monday, October 5, 2009
'Now second is the new minute'-Telecomm stocks tumble
Sunday, October 4, 2009
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.