Skip to main content

NIFTY @ 9500

Three years of Modi Govt: Sensex, Nifty hit record highs; 


The S&P BSE Sensex rallied nearly 200 points in morning trade on Tuesday to hit its fresh record high of 30,518.78 and as much as 104 stocks hit fresh 52-week high on the BSE on a day which marks the third anniversary of the announcement of BJP’s historic election victory.
The expectation of rebound in earnings growth, hopes of an above average monsoon, hopes of a continuation of reforms, as well as strong and global liquidity are some factors which are propelling a rally in Indian markets.
Stocks which surged fresh 52-week high include names like JK Lakshmi, Atul, Bajaj Holdings, Hitachi Home, Yuken India, Manpasand Beverages, Max India, Godrej Industries, Vaibhav Global, Muthoot Capital, Kansai Nerolac, Motherson Sumi etc. among others.
As much as 34 stocks on the BSE hit a fresh record high which includes names like Maruti Suzuki, P&G Hygiene, Atul, JK Agri, L&T Infotech, Muthoot Finance, Finolex Industries, Aarti Industries, BCL Industries, SKIL Infrastructure, ARC Finance etc. among others.
With the market surging to fresh record highs frequently, IL&FS feels it could continue to rise even if valuations are expensive. “It is a blue sky scenario right now with low inflation rates and interest rates, among others. The market tends to go with the momentum in such cases,” Vibhav Kapoor of IL&FS told CNBC-TV18 in an interview.
In such a situation, Kapoor said that the financial services firm had increased its cash levels as stocks were becoming expensive. “It is becoming more difficult to buy with conviction, the risk reward ratio is reducing,” he told the channel.
Stocks which rose to fresh 52-week high include names like Maruti Suzuki, Bharat Bijlee, Sagar Cements, Max India, TVS Motor, Vaibhav Global, Caplin Point, Premier Explosives, IOC, Kansai Nerolac, Muthoot Capital, Motherson Sumi etc. among others.
The rally was broad-based as the S&P BSE Midcap hit a fresh record high of 15,089.42, led by gains in Indian Hotels, Shriram Transport, Adani Power, Bajaj Holdings, OFSS, Havells India, Bharat Forge, JSW Steel, and M&M Financial.

Comments

Post a Comment

Popular posts from this blog

Wizard of Dalal Street: Govind Parikh's investment mantra

Wizard of Dalal Street: Govind Parikh's investment mantra Govind Parikh of Govind Parikh Securities says selling right is more important than correct buying. He says it is necessary to keep a lot of cash. "We keep an average 10 percent cash in our portfolio," he says I like to buy things in a bad market. Additionally, don't look current cash flow, concentrate on future cash flows — that is what  I look at," says Govind Parikh of Govind Parikh Securities. He advises investors to buy good quality stocks when the market crashes. While sharing his investment philosophy with ace investor Ramesh Damani, on the Wizards of Dalal Street, Parikh says management integrity is very important when deciding which stock to bet on. He tells investors not to buy stocks impulsively. According to him, selling right is more important than correct buying. He says it is necessary to keep a lot of cash. "We keep an average 10 percent cash in our portfolio," he says. He al...
2 comments
Read more

Bank Nifty

Bank Nifty Bank Nifty is a Sell at Current Levels with a Stop Loss of 12,750 Once Below 12,400 the next major Support shall be only 12,000 Levels so a person can go short is bearish or buy putt if moderately bearish . 
7 comments
Read more

Budget 2018: Mega health plan to cost Rs 1 lakh crore

The mega healthcare plan for the poor, as announced in the Budget, will cost about Rs 1,00,000 crore annually and curtail states' autonomy to design their own policies in the sector, says a research paper, authored by a professor at economic think tank NIPFP. The paper's estimate is 10 times higher than the one made last week by Niti Aayog adviser Alok Kumar, who had said that the National Health Protection Scheme (NHPS) will cost around Rs 10,000-12,000 crore annually. National Institute of Public Finance and Policy (NIPFP) Assistant Professor Mita Choudhury said in the paper -- 'The National Health Protection Scheme in the Union  Budget 2018 : Is it in the Right Direction?' -- that resource requirements for implementing NHPS are likely to be very high. Not only would such a scheme impose a heavy burden on both the Union and the states' exchequers, it will also curtail states' autonomy to design their own policies in a sector that is constitutionally ma...
Post a Comment
Read more