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Showing posts from January, 2016

Has the market bottomed out?

Has the market bottomed out? With the benchmark index, the S&P BSE Sensex, having fallen 20 per cent from its peak recorded in January 2015, the question on everyone's mind is whether the market will rebound or there will be further pain. A sharp correction in the past three weeks has raised the prospects of a bear run on the Dalal Street, which means poor returns for equity investors for some time. A bearish spell on the Street is, however, also an opportunity to load-up on top quality stocks at low valuations. So, should investors open their wallet to make select purchases or wait for further downside? Experts remain divided. Saurabh Mukherjea, chief executive officer (CEO), institutional equities, at Ambit Capital, believes the bottom for the market will be around 22,000 on the Sensex. This translates into a further 10 per cent decline in the benchmark index from Friday's close. Adding: "If the Sensex hits 22,000, its price to earnings (P/E) multiple will

Nifty Technically

# dowjones what a come back at a point down 550 points and closing down 200 points is a consolation prize . Crude touching 26.30 cents looks like soonitshall be given free in the international manner considering that 20 dollars is the cost of refining and digging . Nifty low of 7250 ..... This was close to the high point when bjp came to power . In the month bjp came to power in 2014 that month low was 6650 high of 7750 and closing of 7250 . The market is and has always been  irrational Are their problems Yes there are India companies growth of earnings Dollar to rupee Crude oil price FII buying / China issue This is one of the best times to buy and people shall remember in the history as they do 2008 . Nifty Technical View Below https://www.youtube.com/watch?v=1MaRjo7aSTo&feature=youtu.be

Sensex nears 'bear mkt' on China woes

Sensex nears 'bear mkt' on China woes After one of the worst starts to a calendar year, the Indian markets are just 3 per cent off ‘bear market’ territory. The benchmark Sensex is down 17 per cent, or 5,000 points, from its all-time closing high of 29,682 touched on January 29, 2015. A correction of 20 per cent or more in a benchmark index is considered to be a start of ‘bear market’ phase. The broad-based Nifty too is off over 16 per cent, or nearly 1,500 points from a record high of 8,996 on March 3. Experts are divided whether the domestic markets will indeed slip into bear territory or will manage to rebound to keep the bull run intact. “It remains to be seen if this will be a correction in the on-going bull market. Or the markets will slip into ‘bear market’ zone," said Sandip Sabharwal, independent market analyst and former mutual fund manager. “We have seen correction of 13-20 per cent in previous bull runs like 2003. If the ‘bull market’ is to remain in

Nifty back at # 7500

Nifty back at 7500 but much has changed since last time Even in a market that has given 0 percent returns point-to-point, there will always be stock specific action. Indian shares fell to a 52-week low today, roiled by global developments, particularly in China, with the Nifty testing 7,500 intra-day -- a level last seen on July 15, 2014. However, as is usually the case, even in a market that has given 0 percent returns point-to-point, there will always be stock specific action. There have been a number of stocks that have seen major value destruction while other have created immense wealth. A numb er of sector specific trends can also be seen. Some highlights: