BSE Sensex at its all time high for a long time now, last week breached 6900 mark and is expected to cross 7000 mark soon. In the last few years, the market has just moved in one direction, with the exception of Black Monday, that was when BJP govt fell, last year.
At the end of year 2002, the market was below 3000 mark. Dec 2002 onwards. Most of the share prices have doubled. And some have gone 4-5 times. I remember Hexaware used to be within the range of Rs 110-125, is now above 800/- :thumb:
The overall positive economic indicators have contributed to the gains, with ever-soaring foreign exchange reserves, growth in GDP, the recent positive budget for corporate sector, etc.
In the coming week, the following sectors are expected to gain…
1. Steel – TISCO, SAIL, Jindal Steel, Essar Steel.
2. Pharma – Alembic, Glaxo Smithkline, Pzier.
3. Banking – SBI, OBC, IOB, Allahbad Bank.
4. Textile – Arvind Mills, Welspun India, Indian Rayon, Raymonds, Century Textile.
5. Auto Ancilliary – Omex Auto, Bharat Forge, Shanti Gear, RICO Auto.
Other Good Buys – Titan, Shipping Corporation, Genus Overseas.
Poonam says
That’s great! Good to see the Indian stock market doing so well. They should be especially with the high profit responses from the IT companies and the well doing of companies such as Reliance. Good news and nice post! 🙂
Ankur says
Thanks :highfive:
Reliance :banghead:
This is because I hate Reliance. And in April, I am filing case against them in respect of Reliance Mobile. And good thing is they are already Govt approved Frauds 😆
Manpreet says
Indian stocks are on the up.. that’s why I tool the plunge couple of months back and have started trading 🙂
As you said, steel/pharma sectors are going to drive the economy, specially when the govt has allowed 100% FDI in the construction sector.
Few days back, I bought some shares of Essar Steel.. and sold them the same evening.. made profit of couple of grands in single day 🙂
Just today Fidelity Fund Management Pvt. Ltd. announced the launch of its maiden fund in India..It aims at spreading your investment across a broad range of successful businesses and will contain a portfolio of about 75 stocks… For long term investment, you can look into this..
Also, if u have money, invest in real estate… noida/greater noida property prices are going to rise.. thanks to commonwealth games village nearby…
Ankur says
Right Manpreet Construction…. I forgot 😳
Anyay, indirectly Steel and Cement will benefit.
Real Estate means a long term investment :no:
Manpreet says
but in real estate.. ROI is excellent…
its ur call.. how do u want to manage ur money
Ankur says
Is it… ok!
Let’s do a little invesment, for which you need to finance 😉