Thursday, October 25, 2007
Foreign Invesment in Indian Stock Markets
Five leading foreign funds on Thursday bought over 73 lakh shares in various firms worth Rs 100 crore in open market transactions.
Markets open flat power stocks firm
The markets opened on flat note today. Power, capital goods and oil & gas stocks were firm in
Markets to stay range bound for a while
Vibhav Kapoor expects that the markets to stay range bound, at least for a while. He does not rule out highs temporarily. Once the immediate concerns are over, Kapoor feels that the stock markets will focus on corporate results.
Markets to stay range bound for a while
Vibhav Kapoor expects that the markets to stay range bound, at least for a while. He does not rule out highs temporarily. Once the immediate concerns are over, Kapoor feels that the stock markets will focus on corporate results.
Wednesday, October 24, 2007
Market consolidates after sharp rise
Key indices ended flat today after a volatile session ahead of the current month futures and options expiry on Thursday.
Equities rose early in the session extending previous day's gains, but profit booking at higher levels wiped out all the gains mid way through the session.
We saw a small correction today after yesterday's sharp rise. But the trend is positive, and will only turn weak if Nifty breaks 5245 is the general opinion of Stock Brokers.
Equities rose early in the session extending previous day's gains, but profit booking at higher levels wiped out all the gains mid way through the session.
We saw a small correction today after yesterday's sharp rise. But the trend is positive, and will only turn weak if Nifty breaks 5245 is the general opinion of Stock Brokers.
Tuesday, October 23, 2007
Market Come Back Up With A Bang
Well 6300-6400 now looks like the new targets for the Nifty. Investors should be ready for that kind of an explosive move in the stock markets. Gujral added that people need to get back into the market.
The market breadth indicated a bullish bias as the BSE data indicated a 3 : 1 ratio. The capitalisation of the breadth was also positive as the buying was persistent till the fag end of the session.
The market breadth indicated a bullish bias as the BSE data indicated a 3 : 1 ratio. The capitalisation of the breadth was also positive as the buying was persistent till the fag end of the session.
Wednesday, October 17, 2007
Stock Market Correction not proportionate to rise
Correction is not really that large as compared to the rise in stock markets. We are still bullish on the long-term India story and would use any correction to buy at a gradual pace.
The stocks market have moved up sharply, an almost 20% rise in less than four weeks, especially after the September 18 Fed cut. The rate of the rise or run up in the market was a bit of surprise and a bit of worry for us. The correction that we have seen is not really that large in the context of the rise that we have seen. To that extent, we are still bullish on the long-term India story. We would use any correction to buy at a gradual pace.
What the stock markets would like to understand is the roadmap more clearly and whether existing positions on the derivative sides are going to be allowed to be rolled over. I think that is the most important point on which people are worried about.
We keep talking to a lot of stock market intermediaries all the time and there was a feeling of being left out especially on the part of a lot of long-only guys, who have been in India for the last 5-10 or more years. The pace at which the market was going up resulted in a lot of them getting incremental money but they were unable to deploy because of the pace of the ride. They may be still there on the sidelines. This is the kind of money that the Finance Minister referred to as being buying in the stock markets may be today or on any sharp correction.
The stocks market have moved up sharply, an almost 20% rise in less than four weeks, especially after the September 18 Fed cut. The rate of the rise or run up in the market was a bit of surprise and a bit of worry for us. The correction that we have seen is not really that large in the context of the rise that we have seen. To that extent, we are still bullish on the long-term India story. We would use any correction to buy at a gradual pace.
What the stock markets would like to understand is the roadmap more clearly and whether existing positions on the derivative sides are going to be allowed to be rolled over. I think that is the most important point on which people are worried about.
We keep talking to a lot of stock market intermediaries all the time and there was a feeling of being left out especially on the part of a lot of long-only guys, who have been in India for the last 5-10 or more years. The pace at which the market was going up resulted in a lot of them getting incremental money but they were unable to deploy because of the pace of the ride. They may be still there on the sidelines. This is the kind of money that the Finance Minister referred to as being buying in the stock markets may be today or on any sharp correction.
Monday, October 15, 2007
Stock Market Updates Sensex above 19000
It was an unbelievable run up in today's session with the momentum continuing in the stock markets and Sensex crossing the 19,000 level. It was a phenomenal day as Sensex saw the second highest single point day gain. Nifty did even better closing above 5650 levels. The ferrocity has been high and the gains were spread over broader markets as well. On Friday the markets took a breadther with Sensex dropping over 300 points but today it not only covered the loss but also went up scaling new peak.
The overall rally has been phenomenal as the bulls have got more heady pushing markets to new heights crossing some milestones in a very short span of time. The huge monetary flows and abundant liquidity continue to take markets at new peaks.
Haevyweights have nothched up further, metals were the top gainers in today's session. Some historic market caps were crossed by index pivitols.
ONGC's stock market capitalisation has hit Rs 2.5 lakh crore mark, it is the second company after Reliance to hit Rs 2.5 lakh crore mark. SAIL touched market capitalisation of 1 lakh crore.
The overall rally has been phenomenal as the bulls have got more heady pushing markets to new heights crossing some milestones in a very short span of time. The huge monetary flows and abundant liquidity continue to take markets at new peaks.
Haevyweights have nothched up further, metals were the top gainers in today's session. Some historic market caps were crossed by index pivitols.
ONGC's stock market capitalisation has hit Rs 2.5 lakh crore mark, it is the second company after Reliance to hit Rs 2.5 lakh crore mark. SAIL touched market capitalisation of 1 lakh crore.
CEOs salute Sensex
There has been no stopping the stock markets. The Sensex has hit the 19,000 mark and Nifty is above 5,600 levels. This is the fastest ever 1,000-points rally for the Sensex, it took four days to move from 18,000 to 19,000.
Wednesday, October 10, 2007
Stock Markets Rallied Without Technology Stocks In Recent Past
In the past week, markets have rallied without the help of technology and the performance of Infosys in Q2 has not been very inspiring. So contrary to general market sentiment, Infosys may not affect the market rally in a big way, post results.
Stock Markets trades flat - IT Stocks Weak
The markets are trading flat on account of huge selling pressure in the IT, banking and consumer stocks. IT stocks have been butchered today on account of disappointing Q2 numbers of Infosys.
Stock market breadth on Nifty was in negative with 489 stocks on the advance side and 521 stocks on the downside.
Most active shares on BSE stock market are Reliance at Rs 2,650 with 239,993 shares, Reliance Petro at Rs 177.25 with 3,173,885 shares and Infosys at Rs 2,016.80 with 255,949 shares.
IT stock are trading extremely weak. BSE IT index was down over 5.6% at 4766.44, Major losers in the IT stocks were Satyam at 453.10 down 6.43%, Infosys at 1992 down 6.24%, TCS at 1073 down 4.62% Wipro at 480 down 4.60%.
Markets open with modest gains: Infosys down
The stock markets opened with modest gains today on account of buying seen in the oil & gas, auto, power and telecom sector. However, the IT stocks opened on weak note led by Infosys which was down over 4% reacting to the disappointing Q2 results.
At 9:56 am, Sensex was up 33 points at 18691 and Nifty was up 20 points at 5461. Major gainers were Reliance, Rel Comm, Rel Energy, M&M, Maruti, Dr Reddy's, ACC, L&T, HDFC Bank.
Infosys came out with its Q2 FY08 result which is very much in line with market expectations. It reported Q2 net profit of Rs 1100 crore, up 1.9% on QoQ basis. Its consolidated net sales surged by 8.8% to Rs 4,106 crore versus Rs 3,773 crore (QoQ). The operating profit margin increased to 31.27% from 28.73%
Stock market breadth on Nifty was in negative with 489 stocks on the advance side and 521 stocks on the downside.
Most active shares on BSE stock market are Reliance at Rs 2,650 with 239,993 shares, Reliance Petro at Rs 177.25 with 3,173,885 shares and Infosys at Rs 2,016.80 with 255,949 shares.
IT stock are trading extremely weak. BSE IT index was down over 5.6% at 4766.44, Major losers in the IT stocks were Satyam at 453.10 down 6.43%, Infosys at 1992 down 6.24%, TCS at 1073 down 4.62% Wipro at 480 down 4.60%.
Markets open with modest gains: Infosys down
The stock markets opened with modest gains today on account of buying seen in the oil & gas, auto, power and telecom sector. However, the IT stocks opened on weak note led by Infosys which was down over 4% reacting to the disappointing Q2 results.
At 9:56 am, Sensex was up 33 points at 18691 and Nifty was up 20 points at 5461. Major gainers were Reliance, Rel Comm, Rel Energy, M&M, Maruti, Dr Reddy's, ACC, L&T, HDFC Bank.
Infosys came out with its Q2 FY08 result which is very much in line with market expectations. It reported Q2 net profit of Rs 1100 crore, up 1.9% on QoQ basis. Its consolidated net sales surged by 8.8% to Rs 4,106 crore versus Rs 3,773 crore (QoQ). The operating profit margin increased to 31.27% from 28.73%
Tuesday, October 9, 2007
Biggest day in Indian stocks markets: Sensex above 18K
The stocks markets made some historic moves today breaking the old records and made some new ones. It was truly the biggest day for Indian capital stock markets. The benchmark indices have outperformed the broader markets. After a dull start victory came in with stock market Sensex hitting the 18,000 mark today. This came in as a surprise after the news that UPA, Left to meet again on US Nuke Deal on October 22.
It was absolute heady for the bulls making biggest intra day gains in the markets. Despite all the political turbulence which markets seem to be ignoring it and making new records by not just touching new highs but has registered some stocks record gains on record high turnover.
Sensex logged biggest intra day absolute gains ever. Stock market was up nearly 800 points and Nifty surged over 250 points. Sensex saw gains of 1000 points from the day's low with the backdrop of political unceratinty.
Sensex not only hit the 18,000 mark but was well above that level as the day moved ahead. The cushion was of 300 points and the Sensex pushed towards 18,300. Nifty saw a surge of 350 points from the day's low moving towards 5350 mark. 20-25 points premium was seen in Nifty futures. All the BSE sector indices ended in green up over 2%.
In stock markets journey from 17K to 18K, IT stock which were the laggards have contibuted significantly. Infosys, Satyam, Wipro ad TCS stocks were among the top contributors followed by capital good stocks like L&T and BHEL and oil & gas stocks, Reliance leading the pack.
It was absolute heady for the bulls making biggest intra day gains in the markets. Despite all the political turbulence which markets seem to be ignoring it and making new records by not just touching new highs but has registered some stocks record gains on record high turnover.
Sensex logged biggest intra day absolute gains ever. Stock market was up nearly 800 points and Nifty surged over 250 points. Sensex saw gains of 1000 points from the day's low with the backdrop of political unceratinty.
Sensex not only hit the 18,000 mark but was well above that level as the day moved ahead. The cushion was of 300 points and the Sensex pushed towards 18,300. Nifty saw a surge of 350 points from the day's low moving towards 5350 mark. 20-25 points premium was seen in Nifty futures. All the BSE sector indices ended in green up over 2%.
In stock markets journey from 17K to 18K, IT stock which were the laggards have contibuted significantly. Infosys, Satyam, Wipro ad TCS stocks were among the top contributors followed by capital good stocks like L&T and BHEL and oil & gas stocks, Reliance leading the pack.
Monday, October 8, 2007
Markets to see good amount of correction
Raamdeo Agrawal, MD of Motilal Oswal Securities said the pace of rally and political concerns are worrying markets. The market participation is narrower and political development is also putting pressure.
He said that even though markets have factored in political concerns, the risk remains. Markets will stay apprehensive and may see good amount of correction, he believes. And markets may resume rally once the event is out.
Though, he said, markets are still not overstretched and lots of stocks have reasonable valuations. He sees FY08 Sensex EPS at Rs 850-855 and FY09 above Rs 1,000.
He said that even though markets have factored in political concerns, the risk remains. Markets will stay apprehensive and may see good amount of correction, he believes. And markets may resume rally once the event is out.
Though, he said, markets are still not overstretched and lots of stocks have reasonable valuations. He sees FY08 Sensex EPS at Rs 850-855 and FY09 above Rs 1,000.
Use correction as buying opportunity: Experts
The worsening political situation in the capital created turbulence at the markets too. The markets had gotten off to a strong start, on the back of strong global cues, but soon they started cracking and by closing bell, it slipped deep in the red. The Nifty closed at 5,085 down 101 points, while the Sensex shut shop at 17,491, down 282 points.
The markets saw a sharp cut in today's session, on account of political concerns looming large. They opened in positive, taking cues from Asia, but saw a sharp fall. Some of the Asian markets, which opened in green, were off the day's high and ended weak.
The Sensex was down over 300 points, or 2%, and is trading near the day's low. Broader markets have taken it on their chin and are the midcap and smallcap indices were down 4%. The breadth of the market is absolutely weak, with advance decline ratio at 1:10. Heavy selling was witnessed across the sectors led by realty, metals and pharma.
“There are two issues that are impacting these markets. One is the political sentiment. But in the last couple of weeks, most of the people knew about the equations between the UPA and the Left turning sour. So, I do not think that is the reason, which spooked these markets. Also, the non-farm jobs data that came in has been stronger than expected. In the last one-month, the markets have moved up assuming that the Fed will cut interest rates further. The key assumption was that the dollar will keep weakening, against the major currencies globally,” said Khade.
The markets saw a sharp cut in today's session, on account of political concerns looming large. They opened in positive, taking cues from Asia, but saw a sharp fall. Some of the Asian markets, which opened in green, were off the day's high and ended weak.
The Sensex was down over 300 points, or 2%, and is trading near the day's low. Broader markets have taken it on their chin and are the midcap and smallcap indices were down 4%. The breadth of the market is absolutely weak, with advance decline ratio at 1:10. Heavy selling was witnessed across the sectors led by realty, metals and pharma.
“There are two issues that are impacting these markets. One is the political sentiment. But in the last couple of weeks, most of the people knew about the equations between the UPA and the Left turning sour. So, I do not think that is the reason, which spooked these markets. Also, the non-farm jobs data that came in has been stronger than expected. In the last one-month, the markets have moved up assuming that the Fed will cut interest rates further. The key assumption was that the dollar will keep weakening, against the major currencies globally,” said Khade.
Stock Market Trends
This blog is aimed at putting current stocks market trends across the world. Stocks market will focus mainly on short term trends not only for stocks but also for gold, silver.
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