sensex up by 51.09 points ,despite of RBI’s credit policy(CRR rise)

With lot of fluctuations,Sensex closed at 16,357.96  , with 51.09  points up. CRR raised by 75 basis points and kept key interest rates unchanged with the RBI’s credit policy ,did not affect the bank index,almost  all  the banking stocks were gainers today. Among sectoral indices FMCG, technology, metals, IT got the beating while the others managed to do well. BSE-Bankex up by 2.7%was remarkable. BSE metals down by 1.65%.

Asain markets were battered,did not have their impact on Indian markets.Europian markets performed well with CAC 40 up by1.37%, BEL-20 up by 0.75%, FTSE 100 up by 0.83%, DAX up by 1.24%. Short-covering in banking and real estate stocks, along with a rise in European markets and US index futures made our markets surge.

ICICI Bank was the top gainer up by 5.3 per cent ,Bharat Heavy Electricals rose 3.1 per cent , State Bank of India was up 2.7 per cent at Rs 2,058, DLF rose by 2.54 per cent  and HDFC Bank by 2.25 per cent .

IVRCL is the major loser among infrastructure stocks down by 5.50% to Rs307.60  . Opto Circuits India Ltd. down by 5.16%, Jain Irrigation Systems Ltd. down by 4.72%, Gujarat NRE Coke Ltd. down by  3.52%,Tata Steel Ltd.  down by 2.83% were some of the losers today.

US markets opened with good note with all stock indexes were up in early trading with the government report showing the US economy zooming to lifetime high in the fourth quarter with a 5.7 percent growth rate ,but now the US markets dipped into red. Right now Dow Jones Ind. Avg. down by 0.15%, S&P500 down by 0.44%, Nasdaq down by 1.05%.

closed flat, still volatile

                           Sensex today closed flat with same ups and downs,ended the day at 16,306.87 with 17.05  up.  Highest point being 16,523 , lowest point at 16,187. Initially the rally picked with strong Asian markets and US market closed in green(Fed left interest rates unchanged). Today’s volatility was on the cards in the context of  F &O’s expiry today and RBI”s credit policy tomorrow. Asian indices Straits Times up by 1.90%, Hang Seng up by  1.61%, SSE Composite Index (Shanghai) up by 0.25% , Nikkei 225 up by 1.58%. European are trading strongly in green.

Except consumer goods,technology, FMCG , all sectors were firm. Oriental Bank of Commerce up by 9.69% , Crompton Greaves Ltd. up by 7.46%, Max India Ltd. up by 6.97%, Bank of Baroda up by 6.47% are the major gainers today. Aban Offshore Ltd. down by 8.37%, National Aluminium Company Ltd. down by 6.09%, Everest Kanto Cylinder Ltd. down by 6.01% are some of the losers today.

US markets are now trading in red , seems to be weak . NASDAQ 100 down by 31.72 points,  S&P500down by 3.89 points.

                     RBI will come out with credit policy tomorrow in the context of raising inflation(food inflation inched up to 17.40 per cent for the week ended January 16) .There is a speculation that the key interest rates will be hiked to suck the money from public through banks. Bank stocks are going fall  if RBI makes this move. So, there is going to be a tough day ahead tomorrow.

savage not yet over, sensex may batter today as well

                             Indian markets are expected go down further in the context of weak global cues. Sensex is expected to fall down to a level of 12,000-12,500. All sectors will suffer, realty and banks the most. Investor’s fear regarding rising inflation and the possibility of increasing interest rates by the  RBI , along the  Cut-down in China’s lending and other weak global data made our market worsen further.

               Another reason why the stock prices in India are so much fumbling,is its over valuation. Indian stock prices are over valued and any thing adverse at the global or at the domestic arena, were hit hard and lose the investor’s confidence. Even the best stock with stong fundamentals get the betting.

                     US markets now are trading not in a good way as it is swinging between red and green. Let’s see how the asian markets open today and it’s impact on the Indian markets.

as expected, had a bloodbath today

                   Sensex, today down by 490.64  points, closed at 16,289.82. This fall is biggest major fall since august 2009.All the sectoral indices battered severely. Auto,banks, realty,metals were the major losers today. Mid cap down by 4.35,  small cap down by 5.50%.It is obviously manifested that our markets were driven by global cues. The market is seeing heavy selling pressure and on massive volumes, a bad sign for the market.The market is seeing heavy selling pressure and on massive volumes, a bad sign for the market. Let’s see how the US markets behave today.There is a speculation that markets may fall further by 3-4%.

                         European markets did not do well as CAC 40 down by 0.54%, DAX down by 0.13%, FTSE 100 down by 0.55%.

                           Indiabulls Financial Services Ltd.,  Gujarat NRE Coke Ltd.,  Rashtriya Chemicals & Fertilizers Ltd.,  Jet Airways (India) Ltd.,  Indiabulls Real Estate Ltd. were the major losers today.

                          Some of the gainers today are Cadila Healthcare Ltd., Koutons Retail India Ltd., Cummins India Ltd., Rolta India Ltd..

                        All the banking stocks had a severe betting , as RBI is expected to come out with a monetary policy which may hike interest rates. Axis Bank Ltd. down by 4.43%, State Bank of India down by 5.07%, ICICI Bank Ltd. down by 4.98%.

                          Realty stocks had a severe blow  which are mostly parasitic on global markets . DLF Ltd., Housing Development & Infrastructure Ltd., Orbit Corporation Ltd., Indiabulls Real Estate Ltd..  were the major losers.

may have a weak trading day in dalal street today

                 Yesterday, Asian markets battered in a big way.  Straits Times down by 2.54%,  Hang Seng down by 2.38%,  SSE Composite Index (Shanghai) down by 2.42%,  Nikkei 225 down by 1.78, will have an impact on Indian market. This is all because of China’s economy may be overheating and more fiscal tightening is to come. An interest rate hike is now expected as early as the second quarter, as regulators clamp down on aggressive lending. There is speculation in China that the government will officially change its fiscal and monetary policy stance at the party congress in March. Chris Leung, senior economist, DBS Bank, said: “They will have to raise interest rates, sooner rather than later. My initial forecast has been moved forward to the second quarter of this year. The one-year benchmark lending rate will go up by 27 basis points and the deposit rate will go up by 18 basis points.” The Chinese economy has powered ahead in 2009 – thanks to the multi-billion dollar government stimulus package. It grew at a break-neck speed of 10.7 per cent on-year in the fourth quarter, its fastest pace in two years.But inflation is becoming worrisome at nearly 2 per cent, a 13-month high. Analysts said the government will have to rein in credit growth to prevent overheating.The debate is more about the timing of the hikes, with some saying that China will not raise rates before the US does, so that it will not attract more inflows of ‘hot money’. Having higher rates in China, compared to the US, means that investors will likely put their funds into the relatively higher-yielding yuan assets, putting more pressure on inflation and the renminbi.So far, China has resisted international pressure to let the yuan resume its rise after an 18-month pause.Market watchers are now pricing in a 3 to 5 per cent appreciation of the currency, starting as early as March or April.    

                 European markets  had a good run with CAC 40 up by 0.67%, BEL-20 up by 0.86%, FTSE 100 up by 0.31%, DAX up by 0.67% may not help the Indian markets today.      

                      US markets opened in red,  momentum picked up ,but again fallen into red.

no sign of recovery

              There was an expectation that the markets in India may recover from the last week’s down trend, unfortunately it did not. Markets opened in red , no sign of getting into green.  All the asian markets had a battering. Hang Seng declined 127 points to 20,598 ,  Nikkei dropped 77 points to 10,512, Shanghai Composite Index was down 34 points at 3,094.,Taiwan Weighted Index slipped 54 points to 7,872 , Seoul Composite shed 14 points at 1,670., Straits Times ended flat at 2814.  And there is a mixed reaction from European markets,could not help the Sensex.

               Sensex ended the at 16,780.46 , with 79 points down. All the sectoral indices were in red except FMCG, consumer goods.  Jai Corp Ltd. being the major gainer today with 11.57% up, Hindustan Zinc Ltd. up by 3.71%, Union Bank of India up with 2.29%, Bharti Airtel Ltd. up by 2.86%.  Some of the losers today are Tech Mahindra Ltd. down by 7.38%, HCL Technologies Ltd. down by 5.68%, Mahindra & Mahindra Ltd. down by 5.24%.

        Lets see how the American markets trade today and tomorrow, which will have an impact on our markets.

another day of no show

               Today, markets opened with Sensex  at 16764, down 287 points from its previous close, and Nifty is at 4998, down 93 points. Earlier, the US markets ended on a steep decline with the Dow Jones slipping more than 213 points. Asian markets are also trading very weak. Among sectoral indices, all sectors are trading in red except FMCG. This is the time for correction and a down trend in US market made our markets weak.

                       Hindustan Copper Ltd.,United Spirits Ltd.,Idea Cellular Ltd.Jubilant Organosys Ltd.,NMDC Ltd. are trading in green.

             Mahindra & Mahindra Financial Services Ltd. is trading at Rs 370.10   up by 4.81%.

a down trend seen today

          After a couple of  good sessions,  dalal street witnessed a terrible day.This is because of the week global cues. Sensex today massively down by 424 points, ended the day at 17,051.14. Earlier, the US markets ended lower with the Dow down more than 122 points. Even the asian markets were fumbling. Though the european markets opened in green , could not help the Indian markets.

         All the sectoral indices were in red all the day. Consumer goods, oil and gas, power, metals were the major losing sectors today. Jet Airways (India) Ltd.,  Fertilisers & Chemicals Ltd. were some of the gainers today.

a flat day at SENSEX

                    Sensex today ended with 14.89 points up, closed at  17,701.13   with some fluctuations.Nothing for indian markets today from US markets, which ended flat. All the European markets opened in red.

                      Yesterday, metals had a good rally, but battered today. Tech, IT, Auto, Metals,  Consumer goods were in red among sectoral indices.Health care, reality , oil and gas are the major gainers today.

                      Adani Enterprises Ltd. up with 10.40%, Financial Technologies (India) Ltd. up with 6.45%, Indiabulls Financial Services Ltd. up with 5.66%, Tulip Telecom Ltd. up with 5.31% are the major gainers today. Yesterda’s major gainer National Aluminium Company Ltd. is the major loser down with 5.91%. Maruti Suzuki India Ltd. down by 3.50%, Apollo Hospitals Enterprise Ltd. down by 3.44%, HCL Technologies Ltd. down by 3.28%, Jai Corp Ltd. down by 3.17% are the other losers today.

Godrej properties hits market today

                     Godrej properties under the umbrella company Godrej industries, listed today at Rs 510 per share as against the issue price of Rs490 per share in SENSEX and with market capitalisation of Rs3,777.14 crs . Stock ended today  at Rs 534.55 , performed well.      Godrej industries currently holds 80.26% of equity share capital in the real estate company.It is in the business  of real estate development in india.It currently has real estate development projects in 10 cities in India, which are at various stages of development. Adi Godrej of Godrej industries said that they are planning to focus on affordable housing in near future and announced a project in Vikhroli.

                          The IPO(inital public offer) of 9,429,750 equity shares of Rs 10 each was  subscribed four times, as per data available on the NSE website.The company collected over Rs 460 crs from this issue.The money raised from the issue will be used for acquisition of land development rights for forthcoming projects; construction of forthcoming project and repayment of loans ( would use 30% of IPO funds to repay debts). This stock may perform because of its strong brand value.Now that the realty sector is recovering, may see the stock’s surge.