Market Mantra: Indian Markets Are Still Buy On Dips
[Editor: Today's sharp fall seems to be totally orchestrated, so be careful, with your shorts. There is no reason for panic in the Indian Markets, though small corrections are always welcome, as it helps the entry of fresh funds. Why should REAL ESTATE/ CONSTRUCTION STOCKS CORRECT, when the INTEREST RATES are set to come down? Is there any logic, especially when the FIIs are pouring funds on daily basis....? CLICK HERE. A group of Chartists come on various Financial Channels and starts giving random calls and people starts following them---not to mention most LOSE THEIR DEPOSITS. If only following charts could have made someone RICH, then these marketmen, would not have spoiled their time advising others]
Support: 5970 / 5944
Most Asian markets declined tailing the US, Japan's Nikkei suddenly crashed. But what most of investors do not
understand that is that Japanese market has run up more than it should
in a given time period and such crash was inevitable on slight pretext.
The Nikkei share average plunged 7.3 % today, its biggest one-day
percentage drop in two years after weak Chinese factory data rattled
investors, prompting them to take profits from a recent rally buoyed by
massive Bank of Japan stimulus measures.
US
share indices slipped on Wednesday on worries the US Federal Reserve
will start scaling back its bond-buying programme. The US Federal
Reserve Chairman Ben Bernanke said that the central bank would consider
scaling back its bond purchases in the next few months. Federal Reserve
Chairman Ben S. Bernanke and his fellow policy makers, expressing
concern that federal budget cuts are blunting the recovery, signaled little appetite for reducing record stimulus
without what he called “real and sustainable” progress in reducing
unemployment. “What we are looking for is increased confidence that the
labor market is improving and that that improvement is sustainable,”
Bernanke told lawmakers yesterday. “And as we see that, we will in steps
respond to that by reducing the amount of accommodation in a way that’s
appropriate.” Moreover, the US Senate panel has passed the immigration
bill, which in its present form might have a negative impact on the
domestic IT cos like Infosys, TCS and Wipro. However much of that could
offset by a weak rupee which is seen to aid, IT companies.
However, to arrest the fall in INR vs USD, the Government has said, it may soon announce slew of measures to boost foreign fund flows. CLICK HERE.
In a significant development, the finance ministry has asked cash-rich PSU companies to consider buying shares in other PSU firms to help meet its Rs.400-bln divestment target in FY14
However, to arrest the fall in INR vs USD, the Government has said, it may soon announce slew of measures to boost foreign fund flows. CLICK HERE.
In a significant development, the finance ministry has asked cash-rich PSU companies to consider buying shares in other PSU firms to help meet its Rs.400-bln divestment target in FY14
Investors
are suggested to get out (exit) of SREI Infrastructure Ltd and invest the same
in HDIL at Rs.51.05, T--Rs.58, SL < Rs.48. If the scrip of SREI
Infrastructure Ltd is still not performing after such scintillating
results, then definitely the investors needs to maintain caution, because
all that glitters are not gold. Housing Development and Infrastructure
Ltd has earlier informed BSE that a meeting of the Board of Directors of
the Company will be held on May 29, 2013, inter alia, to consider and
approve the Audited Financial Results of the Company for the quarter as
well as year ended on March 31, 2013, as per the Clause 41 of the
Listing Agreement. However, those who are not interested in HDIL can try
their hands in NCC Ltd (Nagarjuna Construction, BSE Code: 500294; CMP:
Rs.32.10) which came out with good set of numbers today. The company has
a combined order-book of Rs.18, 500 Cr-plus.
Glodyne Tech Ltd today hit the lower circuit at Rs.11.35, buy the scrip and keep holding till the results. The company's financial problems are now much reduced and it cannot trade at such a ridiculous price.
Glodyne Tech Ltd today hit the lower circuit at Rs.11.35, buy the scrip and keep holding till the results. The company's financial problems are now much reduced and it cannot trade at such a ridiculous price.