BUY - BUY -BUY
RIL
AXIS BANK
LNT
GSPL
SAIL
Wish you Happy Diwali & a Prosperous New Year!!!
Buy Allahabad Bank
Buy PATNI
Buy TULIP
Today, we expect a subdued start due to uncertain global cues and another choppy session.The festival of lights is here and a subdued start need not dampen your spirit. In hindsight, the rally of the first two trading days of the week may have come a little too soon. We say this because the market appears to have lost some steam just on the eve of Diwali. The traditional Mahurat session will hopefully see much more enthusiasm.
We’ve got over a nightmare of sorts. Just a year ago things looked so grim in the wake of the financial turmoil when equities and commodities tumbled and all that soared was risk aversion.Markets around the globe hit multi-year lows and tested new lows again in March. But since then, risk appetite has come back strongly as the global economy and financial markets started seeing signs of recovery. The pace of the seven-month rally has been ferocious. There is no denying that a small reversal is imminent and overdue. The timing and intensity of the same is anybody’s guess. Don’t panic in case of a small sell-off. If anything, that should see more bulls joining the party.
FIIs were net buyers in the cash segment on Thursday at Rs7.52bn on a provisional basis. The local funds were net sellers at Rs4.4bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs275.3mn. On Wednesday, the foreign funds were net buyers of Rs15.82bn in the cash segment. Their net investments in Indian stocks this year has crossed $13.3bn. Mutual Funds were net sellers at Rs140mn on Wednesday.
Today,there is dazzle on the Street. The Goddess of Wealth and Prosperity seems to be making a happy entry with most indicators pointing to a bright Diwali on the bourses. Investors are having the last laugh so far with cries of caution being blasted away. Spiraling prices and possibilities of rate hikes have so far undeterred the bulls.The Dow crossed 10,000. The milestone was last seen in October 2008 and adds to the growing signs of recovery from the depths of the financial crisis. Most equity benchmarks have touched multi-month highs. The Sensex has overcome 17,000 and the Nifty has topped 5,100.
Don’t be surprised to see the key indices shooting up further today. Although there are a few concerns on valuations and the pace of the economic rebound, it would not be wise to stay idle.Money makes more money goes an old adage. So, put your money to work this Diwali. May be you can lock in some gains after some time.
Buy REL INFRA
Buy Tata Power
Aarvee Denim, Alembic,
Bajaj Holdings, Bajaj Auto,
Balaji Tele, CMC, Jindal Saw,
JP Hydro, Kewal Kiran Clothing,
KPIT Cummins, Merck ,
Wyeth.
FIIs were net buyers in the cash segment on Wednesday at Rs14.43bn on a provisional basis. The local funds were net sellers at Rs1.97bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers at Rs2.89bn. On Monday, the foreign funds were net buyers of Rs9.99bn in the cash segment. Their net investments in Indian stocks this year has crossed $13bn. Mutual Funds were net sellers at Rs30mbn on Monday.
Buy Reliance Capital
Buy
The overall trend may remain volatile and uncertain in the near-term. There may be a small correction but the same could spark off buying by those who have been feeling left out for quite some time. The upside will hinge on the India Inc.’s report card, local economic data, global cues and of course fund flows. It’s a season of festivities and joy but the bulls are lacking enthusiasm. The only words of enthusiasm seem to be coming from Anil Ambani who seeks to end disputes with Mukesh Ambani.