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Showing posts with label nifty. Show all posts
Showing posts with label nifty. Show all posts
Wednesday, December 16, 2009
Tuesday, December 1, 2009
Indian market witness an upward trend
Mixed response witnessed in Indian Capital Market during the month of November. In terms of figures it was definitely an upward trend. Indian indices recorded a decent growth in November. Renewed buying interest and investor confidence along with some good news were the main factors behind the growth story. But the recent news of Dubai crisis affected not only Indian market but markets all over the world. Later it has been proved as an over reaction. The unsatisfactory monsoon during 2009 is another concern for Indian Capital Market. The growth figures of the country came as a relief for India Inc as a whole.
During November Bombay Sensitive Index recorded a growth of 6.48 percent against it's last month figure to close at 16926. Sensex was with in the range 15331-17290 in November. Nifty gained 6.81 percent against it's October closing and the rate is 5033. Buying interest witnessed across Midcap and Smallcap stocks. They increased by 6.67 percent and 6.57 percent respectively.
Buying interest spread across all sectors except reality. Recent Dubai crisis was the main reason behind the sell off in reality counter during November. Real Estate stocks were down by 4.36 percent. Metal stocks were the major gainers in November, up by 16.87 percent which is a record for the beaten down sector during the financial crisis. Auto sector was up by 11.26 percent, thanks to the auto buying interest expressed by Indian consumers. Health Care and PSU sector stocks were up by more than 8 percent.
Indian market continued to be the hot spot for FIIs during November also. They bought equities worth Rs. 5497 Crore. But the domestic Institutions continued their selling for the second consecutive month. Rs. 695.60 worth equities were sold by them in November. FII inflow played a lead role in the 1030 point increase in sensex. It is assumed that money pumping by FIIs will continue in the recent future owing to India's shining growth figures.
In the July-September quarter Indian GDP rate is at 7.9 percent which was unexpected by the street. In the first quarter the rate was 6.1 percent. Altogether India grew at a rate of 7 percent in this financial year sofar. There is confidence that we will achieve the projected target of 6.5 percent growth in FY09-10. The insufficient monsoon is major concern in the coming quarter. Due to this the farm growth will definitely decline which will have an impact on all other sectors. Mining, Manufacturing and Electricity were the major sectors contributed largely to the growth figures in the second quarter. Natural Gas production in the country increased significantly. Which is a silver lining in the growth story of India.
Reports are coming from Dubai about the recent crisis. Indian Indices over reacted when report about the crisis first came. During trading hours sensex was down by over 600 points and Nifty by over 200 points. But both Indices came back strongly and the severe reaction lasted only for one day. Dubai asked for a freeze on its US $ 80 billion debt due to troubles at Dubai World – the emirate's corporate arm. This came as a shock for the world. Primary reports said that it was the beginning of another financial crisis. But later the picture became clear and there will be limited impact on Indian market due to Dubai crisis.
Looking forward the dust over financial crisis finally settles down. Indian market emerged winner among developing nations-the continued FII inflow proves the same. Sensex started the year 2009 at 9721, the November closing figure is 16926 with an upward inclination. Sometimes there were selling pressure but Indian market overcame it in style. Now Indian investors can invest in Mutual Funds through NSE terminals. The inauguration of the same took place on 30th November. It is a drastic change in Indian capital market. It is believed that this move will increase retail participation in the market. Now investors can contribute to the growth story of India by investing continuously.
During November Bombay Sensitive Index recorded a growth of 6.48 percent against it's last month figure to close at 16926. Sensex was with in the range 15331-17290 in November. Nifty gained 6.81 percent against it's October closing and the rate is 5033. Buying interest witnessed across Midcap and Smallcap stocks. They increased by 6.67 percent and 6.57 percent respectively.
Buying interest spread across all sectors except reality. Recent Dubai crisis was the main reason behind the sell off in reality counter during November. Real Estate stocks were down by 4.36 percent. Metal stocks were the major gainers in November, up by 16.87 percent which is a record for the beaten down sector during the financial crisis. Auto sector was up by 11.26 percent, thanks to the auto buying interest expressed by Indian consumers. Health Care and PSU sector stocks were up by more than 8 percent.
Indian market continued to be the hot spot for FIIs during November also. They bought equities worth Rs. 5497 Crore. But the domestic Institutions continued their selling for the second consecutive month. Rs. 695.60 worth equities were sold by them in November. FII inflow played a lead role in the 1030 point increase in sensex. It is assumed that money pumping by FIIs will continue in the recent future owing to India's shining growth figures.
In the July-September quarter Indian GDP rate is at 7.9 percent which was unexpected by the street. In the first quarter the rate was 6.1 percent. Altogether India grew at a rate of 7 percent in this financial year sofar. There is confidence that we will achieve the projected target of 6.5 percent growth in FY09-10. The insufficient monsoon is major concern in the coming quarter. Due to this the farm growth will definitely decline which will have an impact on all other sectors. Mining, Manufacturing and Electricity were the major sectors contributed largely to the growth figures in the second quarter. Natural Gas production in the country increased significantly. Which is a silver lining in the growth story of India.
Reports are coming from Dubai about the recent crisis. Indian Indices over reacted when report about the crisis first came. During trading hours sensex was down by over 600 points and Nifty by over 200 points. But both Indices came back strongly and the severe reaction lasted only for one day. Dubai asked for a freeze on its US $ 80 billion debt due to troubles at Dubai World – the emirate's corporate arm. This came as a shock for the world. Primary reports said that it was the beginning of another financial crisis. But later the picture became clear and there will be limited impact on Indian market due to Dubai crisis.
Looking forward the dust over financial crisis finally settles down. Indian market emerged winner among developing nations-the continued FII inflow proves the same. Sensex started the year 2009 at 9721, the November closing figure is 16926 with an upward inclination. Sometimes there were selling pressure but Indian market overcame it in style. Now Indian investors can invest in Mutual Funds through NSE terminals. The inauguration of the same took place on 30th November. It is a drastic change in Indian capital market. It is believed that this move will increase retail participation in the market. Now investors can contribute to the growth story of India by investing continuously.
Monday, November 2, 2009
Indian Market Volatile Today
Volatile movement witnessed in Indian market today.Indian Indices opened lower after a big gap of three days. The second quarter results by companies were also disappointing. Buying at lower levels helped indices to bounce back. Last week Indian indices were down by 5.5 percent. In October indices were down above 7 percent overall.
Planning commission's growth forecast of 8 percent also influenced Indian traders. The sell off in Global Indices also was another reason for the bear arrival. Going ahead mixed response will be there in Indian indices. Now is the right time for an Intelligent investor to enter into the market.
Planning commission's growth forecast of 8 percent also influenced Indian traders. The sell off in Global Indices also was another reason for the bear arrival. Going ahead mixed response will be there in Indian indices. Now is the right time for an Intelligent investor to enter into the market.
Thursday, October 22, 2009
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
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
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