Bulls & Bear Hfund of India

Nifty from 1K to 10K took 21 years but jump to 100,000 will come sooner than you expect  The Nifty raced to 10,000 mark in about 21 years, but the journey from 10,000 to 100,000 will not even take 21 years, suggest experts. The rally will be supported by a strong macro environment, bounce back in earnings growth, pro-growth reforms, stable political environment, and global liquidity. From its base value of 1,000 in November 1995, the Nifty reached the 2000 mark in December 2004, taking 9.1 years to double. Thereafter, the journey of Nifty was swift wherein it reached the 6000 mark in only 2.9 years. It took another 6.4 years to reach the 7000 mark in May 2014 from 6000 in December 2007. The 9000 level was achieved in March 2017 which was relatively faster from 7000 level taking only 2.8 years. The flagship index ‘Nifty’ hit the 10,000 mark on July 25, 2017, taking only 4.3 months to move from 9,000 to 10,000. “The Nifty from its launch took more than 21 years to ...

Problems of the agriculture sector have started to percolate down to the banking sector.  HDFC Bank , which prides itself on having the cleanest assets in the banking space, has been hit by agriculture loans. The bank managed to steer clear from the problems plaguing the industrial sector, which has affected every bank in the country but somehow could not stay out of the mess in the farming space. In its June quarter numbers, HDFC Bank said that its gross non-performing assets (NPA) climbed from 1.05 percent in March 2017 quarter to 1.24 percent in June 2017 quarter. In absolute terms, bad loans stood at Rs 7,242 crore. Farm loans now account for 60 percent of new NPAs for HDFC Bank. The bank, however, pointed out that more than half of the increase in bad loans was from its agriculture portfolio. The bank says announcement of farm loan waivers impacted recoveries in this segment. Announcing loan waivers in one state by various political parties led to expectations of a ...

The government made a smart move by avoiding sucking out liquidity from the financial markets by mandating ONGCBSE -0.81 % to acquire 51 per cent of its own stake in HPCLBSE -0.03 % for nearly Rs 28,000 crore, thus completing 40 per cent of its divestment target for this financial year, and at the same time, creating no adverse impact on the stock market.  Additional divestments coming during the year will be through ETFs, further softening the impact of divestment on the stock market. These silent steps are extremely positive for the stock market.  The Nifty50 has kept the underlying bullish trend intact. The series of higher tops and bottoms is intact. The extent of upward moves in the previous rallies coincided with the extent of current upward moves and, therefore, there is every likelihood of profit booking at higher levels. Buy on dips should be the strategy for traders in the short term, with tight stop losses at 9,750. Traders holding long positions can keep a tr...