Tit - bits

The BSE Sensex is now trading at 38,393.27 up 249.25 points (+0.65%) while the Nifty is seen at 

11,244.70 up 111.95 points (+1.01%).

The broader market advanced. The S&P BSE Mid-Cap index was up 0.87%. The S&P BSE Small-Cap index was up 0.78%. The market breadth, indicating the overall health of the market, was positive. On the BSE, 1094 shares rose and 717 shares fell. A total of 86 shares were unchanged. 

However, there are so many conflicting parameters that it has become very difficult to predict the market movement in the near time, though most TV analysts are talking of either reducing positions or go for intraday shorts.  

I feel in such a situation it would be better, if you be stock specific and avoid some sectors like Metals, Banks, NBFCs, Gems and Jewellery and Real Estate, while remaining biased on FMCG,  Consumer Durables, Paints, Agri Chemicals, Speciality Chemicals, Pharmaceuticals, Power, Auto and Fertilizers.

It is pertinent to mention here that a meeting of the Board of Directors of National Fertilizers Ltd is scheduled to be held at Noida (Uttar Pradesh) on Monday, 09th March, 2020 to consider the proposal for the payment of Interim Dividend, if any, for the Financial Year 2019-20.

In another significant development, the government is India has slashed Jet fuel (ATF) prices by a steep 10 per cent, the second straight reduction in rates in as many months, as international oil prices slumped on fears of the spread of coronavirus.

Simultaneously, the rates of non-subsidised  cooking gas (LPG) were cut by Rs.53, wiping away a third of the record Rs.144.50 per cylinder price hike effected last month, according to a price notification issued by state-owned oil firms.

Having said this, I would suggest you to be away from the market at least today and wait for more details to get a clear view of the state of affairs. 

Meanwhile, the unnecessary riots in Delhi, will definitely hit India's image globally and might take a toll on the future FDI investments. 

Most knowledgeable people in Bombay, with whom I spoke are FED up with the policies and actions of the current dispensation in Delhi and wants a regime change. 

This government has the habit of talking of its policies having long term positive effect, but since the stupidity of demonetisation, we are yet to see any marked improvement in India's economic landscape with the GDP growth plummeting to near 5% and GST collections hardly crossing Rs.1.25 lakh crore per month. 

This government is talking of low inflation but when people don't have jobs or face numerous hassles in business, then how will the demand or the purchasing power of the Indians improve?

But then, in the recent times while the CPI has started to spike up,  the growth is nosediving. In this context I would like to salute the captains of India Inc,  who are still performing under this "Tughlaq - ian" administration, with its FM having no connection with the present conditions of the country's macroeconomics. 

Not only that we have a PM, who is seen more in foreign soils than in India. Bringing Donald Trump to India by Narendra Modi and wasting money on his visit, was basically to brand his image and showcase the world that Ahmedabad has now the world's largest cricket stadium -- nothing more than that...

Did Narendra Modi show Mr.Trump, the condition of Tata Nano project in Gujarat,  through which gained much publicity, after demonising Dr. Mamata Bandyopadhyay? 

Besides,  Donald Trump was accompanied by her daughter who is now a Jew, after she got converted to Judaism before marriage. This is also likely to have some effects on India'a relationship with Muslim countries. 

Unfortunately, Indians have voted a party to power,  which neither has any clear cut foreign policy nor any economic roadmap, except that "Hindu  - Hindu", slogan. The people who are now occupying Delhi doesn't speak of how to improve the lives of the poor, who are now at the butt of sufferings, except that "Jai Shree Ram" narrative. 

I say, I don't have a problem if you process Hindutva, but then at what cost? 

Riots?  Bloodbath?  Mayhem? Distrust among Communities? What? 

Looking at the sabre rattling by a section of Hindus and Muslims, I am forced to remember how a vibrant country of Afghanistan and the picturesque Swat Valley in Pakistan (where Gautam Buddha once walked and civilizations intersected)  have been ruined by Civil Wars and Talibanic activities. 

Is India following this patterns..? Perhaps the recent Delhi carnage has something to say on this.......😱😱

In these circumstances I would request my dear blog readers to keep away from the divisive ideas or forces who are out there to destroy the concept called "India" and stay united in this difficult situation. "United we stand, divided we fall".