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A look at the indian stock market today

Indian shares higher in afternoon trade led by energy, tech stocks

Indian shares were trading higher in the afternoon today led by energy and IT stocks.
At 0730 GMT, the Bombay (OTCBB:BBAO) Stock Exchange's Sensex was up 203 points, or 1.2 pct, to 17,124, while the National Stock Exchange's S&P CNX Nifty was trading up 1 pct to 4,994, off its record high. The Nifty crossed 5,000 mark within minutes of opening today.Cleveland Museum of Art
The rally was in line with the record-breaking performance in Asia, where shares in Hong Kong, Sydney and Singapore hit new highs powered by the overnight rally in the US and upbeat estimates about the Asian third-quarter earnings season.
Reliance Energy was the biggest gainer on the Sensex, up 7.2 pct to 1,099 rupees amid reports the company is restructuring its business.
'There is buzz in the market that Reliance Energy is going to de-merge into real estate and utility businesses,' said Devang Dhruv of Max consultancy Pvt Ltd.
Infosys Technologies (NASDAQ:INFY) rose 4.26 pct to 1,902 rupees.
Other IT stocks like Wipro, Tata Consultancy Services (OOTC:TACSF) and Satyam (NYSE:SAY) Computer also gained, propped by the country's central bank's intervention to bring down the rupee from its nine-year high of 39.62.
The Reserve Bank of India was said to have been aggressively buying dollars to tame the rupee -- that ended the day at 39.72 against the dollar.
Satyam was up 3 pct to 444 rupees after the company announced the launch of a new solutions centre in Brisbane, Australia.
The baking sector, however, witnessed some profit-booking with ICICI Bank (NYSE:IBN) and HDFC Bank Ltd (NYSE:HDB) both down about 0.5 pct.
Also, today being the futures and options expiry day, the market could see some volatility towards the closing.
'The Reliance Petroleum (OOTC:RPLUF) and Reliance Industries Ltd scrips in particular could be volatile as a lot of short positions have built up in these two stocks,' Dhruv said.

 

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Comments

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  4. Anonymous1:56 AM

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  6. Anonymous10:30 PM

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    One can find complete report on Impact of elections on stock market Apart from Elections another major concern for Indian stock market is Inflation. There was a time when we were concerned about rising inflation but now we are conscious about this falling inflation.

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  7. Hi,
    It’s a well know fact that stock market is affected by elections and now Election 2009 are about to begin in some time so for sure they will also have some sort of impact on Indian stock market.
    One can find complete report on Impact of elections on stock market Apart from Elections another major concern for Indian stock market is Inflation. There was a time when we were concerned about rising inflation but now we are conscious about this falling inflation.

    So big question is what should day traders and investors do?

    Frankly speaking day traders are least concerned about the market they simply follow trend and make maximum out of it. But yes investors should keep there portfolio light till the elections get over.

    Please feel free to contact us for any query.


    Regards
    SHARETIPSINFO TEAM

    ReplyDelete
  8. This blog is quite nice and informative, it is our pleasure to post a comment on this usefull blog created by a webmaster

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  9. We all get bombarded every day with mails, morning briefs as to which stock we should pick and how will be the market trend today. Every time the brokerage houses will send the stock market tips> as if we all are playing a gamble and need the tricks as to how we can win it. And anticipating as to how to do stop loss and at least will make smaller profits. What most of the investor do is they consider short term trading as the long term investment and believe as to how it can be doubled in a day. Buying a stock just because the price is low and some stock market tip you received that this will boom in the market today. What most of us do is that we all trade with money which we can’t afford to lose but the market always says that invest only that money which is in excess to you. All of these are the big mistakes which we commit every day in spite of being reminded every time that we should complete our home work for the next day.
    Things to Remember when invest in stock market: >
     We believe that the fundamental says invest in those company about which you know completely , but that doesn’t mean you fall in love with a company and a particular stock just because you are familiar with it or it create news in the stock market every time. Most of us just try proving our fundamentals are right and for that we apply too many technical indicators on that stock. It’s not true that the stock will go according to its fundamentals and technical, many stocks behave opposite to their indicators, thus they do not guarantee as to whether it will go up or down.
     Investors jump to penny stocks as they immediately boom in the market due to rumors what need to understand is that the Penny stocks are very risky , and on this basis make your strategy as to which one to pick from that lot and how much to invest . The portfolio of the investor should be constructed in such a manner that it allots weight age to different sector and the sizes of the stocks so that the diversification is there and the risk can be mitigated. Therefore the weight age of penny stocks in one‘s portfolio should not be more that the 15%. This is to minimize the losses and to accumulate the profits also.
     Keep a watch on the industry of the particular stock. Most of the stock behaves according to their industry trend. Thus if in the budget the government committed to play large role in the infrastructure sector , all the stocks will go react as per the budget and the whole sector recorded the jump of 12% on the next day. But it might be the case that the industry is booming and the stock is going down, therefore along with Industry, Company information is also vital.
     Past performance of any company doesn’t not hold true or affect its future performance. Many of the Indian stocks which were heavy weight in the past few years and were considered the blue chip companies in this market are either bankrupt or have become extinct in the market. Thus continuous performance analysis and evaluation is important.



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  11. Hi,

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    ReplyDelete
  12. Hi,

    Stock market India is volatile and all those who speculate in market are loosing everyday. Please remember stock market is not for speculation purpose. If one feel investing in stock market is gamble then its better to think again.

    One should always note that if they want to invest money they should do proper research be it fundamental research or technical research. Just think how come you can invest
    your money without any convincing reason for the same?

    Indian stock market is one of the most happening and emerging market. Major Indian stock exchanges are BSE and NSE and both are of world class standards.

    So grab good stocks and invest that’s the bottom line.

    We hope to see you in major profits.

    Regards
    SHARETIPSINFO TEAM

    ReplyDelete
  13. This blog is quite nice and informative, it is a pleasure to post a comment on

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  15. Hi,
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    . Sharetipsinfo Team

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  16. We do not offer financial advice here but but we have done extensive research to bring you the best tips about invest your money in stock market that can help you make your ethical financial decisions. I think you will be persuaded that you can be a socially responsible, stock investor and make just as much profit, or more, than by investing conventionally. But when it comes to financial investment take heed of the following wise words " it is very important to remember that one's future financial investment should be placed in the hands of trader who are qualified to advise rather than qualified to sell"
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  17. Thanks so much for this! I haven't been this moved by a blog for a long time! You’ve got it, whatever that means in blogging. Anyway, You are definitely someone that has something to say that people need to hear. Keep up the good work. Keep on inspiring the people!
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    ReplyDelete
  18. Hi,
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    Traders are advised to strictly follow technical analyses and investors can follow fundamental analysis. Many analysts say it’s not wise to follow technical and fundamental analysis together. But we say what the problem is if one does so? As more knowledge will add up things will not have any negative impact.

    Regards
    Stock Market Tips

    ReplyDelete
  19. You could definitely see your expertise in the paintings you write. The world hopes for even more passionate writers like you who aren’t afraid to say how they believe. At all times go after your heart. “The most profound joy has more of gravity than of gaiety in it.” by Michel de Montaigne.

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