Winning Strokes : Think Different Yesterday, morning I came from KEM Hospital, Parel, Bombay after treatment for fever, cough, headache and other allied problems. Hence the blog could not be updated. However, I was there in the markets today and hence decided to put some inputs for the ardent blog readers. The repeated illness and other domestic problems, during the last few months have made me frail and mentally disturbed. Anyway, the Sensex ended with small losses while the Nifty ended almost flat amid negative global cues after US President Donald Trump stepped up his tough talk on trade. The barometer index, the S&P BSE Sensex, fell 45.03 points or 0.12% to settle at 38,645.07. The Nifty 50 index rose 3.70 points or 0.03% to settle at 11,680.50. Broader market clocked decent gains. Among secondary barometers, the BSE Mid-Cap index rose 0.35%. The BSE Small-Cap index rose 0.55%. Both these indices outperformed the Sensex. The market breadth, indicating the ...
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Winning Strokes : Think Different Domestic stocks logged strong gains on upbeat global cues. The barometer index, the S&P BSE Sensex, gained 442.31 points or 1.16% to settle at 38,694.11. The Nifty 50 index gained 134.85 points or 1.17% to settle at 11,691.95. The Sensex and the Nifty, both, attained record high levels in intraday as well as on closing basis. Among secondary barometers, the BSE Mid-Cap index rose 1.07%. The BSE Small-Cap index rose 0.70%. Both these indices underperformed the Sensex. The market breadth, indicating the overall health of the market, was positive. On BSE, 1451 shares rose and 1265 shares fell. A total of 218 shares were unchanged. Among the sectoral indices on BSE, the S&P BSE Power index (up 2.37%), the S&P BSE Bankex (up 1.69%), the S&P BSE IT index (up 1.54%) outperformed the Sensex. The S&P BSE Realty index (down 0.16%), the S&P BSE Healthcare index (up 0.49%) and the S&P BSE FMCG index (up 0.65%) underperformed...
Winning Strokes : Think Different Photo : Green Summit Key benchmark indices settled with small gains after a quiet session of trade. The barometer index, the S&P BSE Sensex, rose 7 points or 0.02% to settle at 38,285.75. The Nifty 50 index rose 19.15 points or 0.17% to settle at 11,570.90. The Sensex and the Nifty, both, attained record high on intraday as well as closing basis. Domestic stocks reversed intraday gains soon after a gap-up opening pushed the Sensex and the Nifty to record high. Stocks once again regained positive zone in morning trade. A divergent trend was witnessed in mid-morning trade as the Sensex was trading with small losses while the Nifty was trading with small gains. Key benchmark indices were trading a tad below the flat line in early afternoon trade. Stocks thereafter hovered in a small range near the flat line with bouts of rise and fall. The Sensex rose 7 points or 0.02% to settle at 38,285.75, its record closing high. The index hit hi...
Market Mantra Stocks extended gains and hit fresh intraday high in morning trade. At 10:18 IST, the barometer index, the S&P BSE Sensex, was up 303.13 points or 0.8% at 38,251.01. The Nifty 50 index was up 71.85 points or 0.63% at 11,542.60. The Sensex and the Nifty, both, scaled fresh record high. Capital goods stocks edged higher. Positive Asian stocks boosted sentiment on domestic bourses. Domestic stocks drifted higher in early trade, with the Sensex and the Nifty, both, scaling record high. The S&P BSE Mid-Cap index was up 0.68%, outperforming the Sensex. The S&P BSE Small-Cap index was up 0.39%, underperforming the Sensex. The market breadth, indicating the overall health of the market, was strong. On the BSE, 1331 shares rose and 729 shares fell. A total of 121 shares were unchanged. Overseas, Asian stocks rose following a higher finish on Wall Street last Friday as investors awaited developments on proposed US-China trade talks, while keeping a...
Market Mantra Photo : Meriduniya.net Key benchmarks came off day's low and were trading with minor losses in morning trade. At 11.29 IST, the barometer index, the S&P BSE Sensex, was trading at 37,872.36 up 20.36 points (+0.05%) while NSE was seen at 11,442.20 up 7.10 points (+0.06%) Trading sentiment was fragile due to negative Asian stocks. Broader market bounced back. Among secondary barometers, the BSE Mid-Cap index was up 0.05%. The BSE Small-Cap index was up 0.32%. Both these indices outperformed the Sensex. The market breadth, indicating the overall health of the market, was positive. On BSE, 1116 shares rose and 973 shares fell. A total of 106 shares were unchanged. Drug major Sun Pharmaceutical Industries was up 2.22% after the company announced securing US Food and Drug Administration (FDA) approval for CEQUA. The announcement was made before market hours today, 16 August 2018. CEQUA (cyclosporine ophthalmic solution) 0.09% is indicated to i...
Pre-Session : Shares may slide at opening bell 16-Aug-18: Market is seen opening lower, tracking mixed leads from Asian market and overnight decline on the Wall Street. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 24 points at the opening bell. Overseas, most Asian stocks declined, tracking overnight fall in the US market. Japan logged a bigger-than-expected trade deficit in July as the cost of energy imports surged, government data showed Thursday. The trade deficit came to 231.2 billion yen ($2.1 billion) following a revised 720.8 billion yen surplus in June, according to a preliminary report by the Finance Ministry. Exports grew 3.9% from a year earlier to 6.75 trillion yen amid an increase in demand for electronic components from the rest of Asia, but were overshadowed by a 14.6% rise in imports to 6.98 trillion yen. In US, stocks came off intraday lows but still closed lower Wednesday as worries surrounding Turke...
Winning Strokes : Think Different Photo : Indian Textile Journal Key benchmark indices logged modest gains in a steady session of trade, snapping two-day losses, after retail inflation slowed to a nine-month low. The barometer index, the S&P BSE Sensex, rose 207.10 points or 0.55% to settle at 37,852. The Nifty 50 index rose 79.35 points or 0.70% to settle at 11,435.10. After seeing gap-up opening, indices firmed up as the session progressed. The Indian stock market will remain shut tomorrow, 15 August 2018, on account of Independence Day. Among secondary barometers, the BSE Mid-Cap index rose 0.89%, outperforming the Sensex. The BSE Small-Cap index rose 0.53%, underperforming the Sensex. The market breadth, indicating the overall health of the market, was negative. On BSE, 1317 shares rose and 1367 shares fell. A total of 149 shares were unchanged. Among the sectoral indices on BSE, the S&P BSE Healthcare index (up 2.48%), the S&P BSE Realty in...
Winning Strokes : Think Different Photo : Who is the Owner of The two of my recommended Adhikari Brothers Group stocks, TV Vision Ltd and Sri Adhikar Brothers Television Network Ltd hit their respective buyer freezes today also at Rs.6.15 and Rs.7.80. I hope you remember, the targets of both the scrip, mentioned earlier by me in this blog. Keep accumulating on intraday declines (if any). The scrip of SKM Egg Products Exports (I) Ltd (Rs.76.65) is not going anywhere during the last few days. The long and short term investors should do well to exit the counter if it breaks Rs.75, on closing basis. Unless, it closed above the range of Rs.82-85, the next level of upmove is not possible. The scrip came down, from the upper ends of the Bollinger Bands and is not looking encouraging in the short term charts. However, very long term investors can hold with a SL at Rs.67. The stock of Reliance Naval and Engineering Ltd was recommended in this blog at around Rs.11-12 last...
Pre-Session : A flat opening on the cards [ Note : Accumulate the scrip of 3i Infotech Ltd (Rs.3.70), TV Vision Ltd (Rs.5.90), Mandhana Industries Ltd (Rs.4.70) and Sri Adhikari Brothers Television Network Ltd (Rs.7.45)] 08-Aug-18: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 2 points at the opening bell. Overseas, Asian equities are trading higher after US stocks approached a fresh all-time high. US stocks edged higher yesterday, 7 August 2018 amid a relative cooling of protectionist rhetoric between the world's two largest economies and optimism growth can continue. Back home, key equity indices ended the volatile session almost flat on Tuesday, retreating from record highs hit earlier in the day. The barometer index, the S&P BSE Sensex, fell 26.09 points or 0.07% to settle at 37,665.80. The Nifty 50 index rose 2.35 points or 0.02% to settle at 11,389.45. The trading activity on that day showed tha...
Wockhardt Ltd : Buy CMP: Rs.609.15 I have Not been a fan of pharmaceutical sector since the last few years, however I feel this stock is ready for upmove after the Q1FY19 results. Wockhardt Ltd reported narrowing of its consolidated net loss to Rs.86 crore for the quarter ended June. The company had registered a loss of Rs 410 crore in the same period a year ago. Its Consolidated Sales revenue increased by 13.13% to Rs.1,008 crore during the reported quarter from Rs.891 crore in the corresponding period of 2017-18. Buy the stock at the CMP of Rs.609.15 for short term targets of Rs.722/781; SL: Rs.560. This is a special stock recommendation for the ardent blog readers. This stock has NOT been recommended to the Premium Group Members. Note : I will be recommending a Small Cap Short Term Momentum Counter to the Premium Group members tomorrow, to be bought on Monday morning; apart from regular updates on the earlier recommended counters. If you want...
Should You Prefer Mutual Funds over Equities? Photo : The Financial Literates I get lot of mails asking me, whether investing through Mutual Funds is less riskier than through direct investment in stock market. Also, they ask if the risk return ratio is same in both the cases or not. #No it is not at all less risky to invest through mutual funds, as they also deploy their funds in the stock market. However, in the initial stages, when an investor has not much exposure in the capital market, he/she can take the Mutual Funds route, provided they have some information on the quality of the fund manager. #2ndly, Mutual Funds can only buy, they cannot sell, unless there is redemption of the fund. In case of open ended funds, they will keep on holding on to your investments in various securities, unless you ask them to sell and return your money. This means if the stocks in your portfolio suddenly falls, from the yearly highs, then you might also get negative...
Winning Strokes : Think Different The market jumped on Friday after two consecutive sessions of falls, boosted by banks stocks. The barometer index, the S&P BSE Sensex, rose 391 points or 1.05% to settle at 37,556.16. The Nifty 50 index rose 116.10 points or 1.03% to settle at 11,360.80. Shares got a boost after the weather department forecast a recovery in monsoon in August and September. Among secondary barometers, the BSE Mid-Cap index rose 0.93%, underperforming the Sensex. The BSE Small-Cap index rose 1.16%, outperforming the Sensex. The market breadth, indicating the overall health of the market, was tilted in favour of buyers. On BSE, 1771 shares rose and 936 shares fell. A total of 143 shares were unchanged. The India Meteorological Department (IMD) said on Friday, 3 August 2018, the rainfall as a whole during the second half of the season (August and September) was likely to be 95% of a long period average. On the macro front, the Indian service secto...
Market Mantra Shares jumped on bargain hunting after a recent sell off. The indices opened higher and firmed up in mid-morning trade. Indices turned range bound in early afternoon trade. The Sensex rose 297.42 points, or 0.80% at the day's high of 37,462.58 in mid-morning trade. At 13:48, the Sensex was trading at 37,484.12 up 318.96 points (+0.86% and NSE was at 11,333.85 up 89.15 points (+0.79%). Among secondary barometers, the BSE Mid-Cap index was up 0.98%. The BSE Small-Cap index was up 1.11%. Both these indices outperformed the Sensex. The market breadth, indicating the overall health of the market, was tilted in favour of buyers. On BSE, 1695 shares rose and 702 shares fell. A total of 120 shares were unchanged. On the macro front, the Indian service sector remained in expansion territory for the second consecutive month in July. The seasonally adjusted Nikkei India Services Business Activity Index posted above the neutral 50.0 threshold for the second con...
Winning Strokes : Think Different Stocks drifted lower in volatile trade after the Reserve Bank of India's monetary policy committee raised repo rate by 25 basis points. The barometer index, the S&P BSE Sensex, fell 84.96 points or 0.23% to settle at 37,521.62. The Nifty 50 index fell 10.30 points or 0.09% to settle at 11,346.20. Broader market bucked negative market trend. Among secondary barometers, the BSE Mid-Cap index rose 0.19%. The BSE Small-Cap index rose 0.26%. Both these indices outperformed the Sensex. The market breadth, indicating the overall health of the market, was positive. On BSE, 1401 shares rose and 1295 shares fell. A total of 144 shares were unchanged. Among the sectoral indices on BSE, the S&P BSE Healthcare index (up 1.11%), the S&P BSE Oil & Gas index (up 0.99%), and the S&P BSE FMCG index (up 0.77%) outperformed the Sensex. The S&P BSE Auto index (down 0.77%), the S&P BSE Metal index (down 0.62%), the S&P BSE ...
Market Mantra Key benchmark indices were trading higher in early trade on positive global cues. At 10.26 am, the BSE Sensex was trading at 37,645.53 up 38.95 points or 0.10% while NSE was trading at 11,380.40 up 23.90 or 0.21%. Among secondary barometers, the BSE Mid-Cap index was up 0.50%. The BSE Small-Cap index was up 0.39%. Both these indices outperformed the Sensex. The market breadth, indicating the overall health of the market, was strong. On BSE, 769 shares rose and 302 shares fell. A total of 43 shares were unchanged. The Reserve Bank of India (RBI) will conclude its two-day monetary policy meeting today, 1 August 2018. The resolution of the Monetary Policy Committee (MPC) will be unveiled at 14:30 IST today, 1 August 2018. RBI raised its benchmark policy repo rate by 0.25% to 6.25% in its second bi-monthly monetary policy for 2018-2019 on 6 June 2018. Overseas, most Asian stocks edged higher, taking cues from the positive session seen in the US market...