BSE Sensex is expected to touch 8,000 points in the coming week…. ‘coz The Heat Is On:!:
Last week BSE touched 7,900 before closing at 7,780. But the statement by SEBI that BSE will touch 16,000 in near future, will surely result in speculation in the coming week.
Reacting to SEBI Dirtector’s comments, a section of the brokers said the statement was â€˜â€˜speculativeâ€™â€™ in nature that too from a market regulator.
Even though the opinion was personal and based on strong economic fundamentals, they said, the official should have restrained himself in making such forecast on a public platform. This may cause more speculative activities in the market.
And it may not be too good a time to invest in Secondary Market at such high levels, as uncertainty remains. But Primary Market is a better alternative… and most suitable, if you are new to the stock market.
Article: Sebi tells small investors to invest in MFs
(With markets at all time high – SEBI cautions small investors)
Last week IDFC IPO listed at around Rs 68, whose issue price was Rs 34/- i.e. just double. wow! In these days, good IPOs are subscribed around 30-40 times. So allotment is made partially. But still its profitable to invest in IPOs in today’s time. Like for persons applying for over 1,000 shares in IDFC – 200 shares were alloted. That still gives you a profit of Rs 6,800 !!!
Always invest less than Rs 50,000 on a single application, as that gives you preference in allotment… as you will come under the category “Retail Investor”.
Further, with many nationalized banks allowing finance for investing in IPOs on easy terms, it has become easier to apply for double the shares than your resources allow. As banks like Karur Vysaya Bank allows 50% of finance. Just the requirement is… you need to have a DEMAT account with Karvy and ofcourse other conditions.
And as full allotment in not made, so you can return the finance part as soon as you get the refund. But still here also luck is involved… as on some applications – no allotment is made. Good Luck:!:
Ths Heat Is On… it’s on the Dalal Street ❗
THE HEAT IS ON – Glenn Frey (Highly Recommended)
OST – Beverly Hills Cop
The heat is on, on the street
Inside your head, on every beat
And the beat’s so loud, deep inside
The pressure’s high, just to stay alive
‘Cause the heat is on….
The shadows high on the darker side
Behind those doors, it’s a wilder ride
You can make a break, you can win or lose
That’s a chance you take, when the heat’s on you
When the heat is on…..
Yeah it’s on the street
The heat is on !!!