Market Strategy
The market has spiralled down considerably in the past few months - from the peak at 20000 to the pith at 13000, we seem to seen a lot. While a few learned insist that market was over priced by 15-20 % in the month of November itself and thus the fall, a few choose to blame the rising Oil prices , the double index Inflation rate , the money losing its worth and so on. But as an investor, this is the right time to invest in the market. Imagine, the share prices when sensex was at its peak- Sky Rocket High Right?. Now is the time, when you can buy as much stocks as you want at low price and profit from it. Diversify your stock portfolio to minimize Sectoral and Market Risk to the maximum. Remember this is the time to invest not go for Encasment.
Markets started the week with negative bias extended its losing streak to fourth straight trading session on the back of fresh spike in inflation and mixed global cues. Markets had opened flat in early trade and remained rangebound. After the initial weakness, the index rebounded into the positive zone however, could not hold gains and slipped back into the negative zone. Weak Asian and European markets also fueled to negative sentiments. From the sectoral front selling was seen in oil & gas, metal, auto, realty and FMCG stocks barring IT stock. The Sensex has touched an intraday high of 14,824.92 and low of 14,600.65 and Nifty slipped below 4400, it has hit a high/low of 4447.40 and 4379.85, respectively. Finally, the Sensex slipped 78 points to close at 14,645 and Nifty ended 37 points lower to close at 4,393. Amongst frontliners, top losers are GAIL, Ambuja Cements, Hindalco, Grasim Ind, ABB, Reliance Communication, M&M and ACC while HDFC, Dr Reddys Labs, HDFC Bank, Satyam, L&T and TCS among the gainers. Amongst midcap stocks, India Infoline, Bombay Dyeing, Ashapura Mine, Emami, Essar Shipping, SintexIndia