Stocks
Value Investing
There are many approaches to stock investing, one of the most popular being value investing. The basic idea is to identify stocks that are undervalued. For this, several methods are used, some simple and others complex. We follow a certain formula which has worked well for both, the Street Beat section and Moneylife Stockletters. We will share with you some of the simple approaches to pick...
Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital+Print Access

Subscribe

Moneylife Magazine Subscriber or MAS member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
More Bullishness

Our stocks have continued to do very well

 

 

Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital+Print Access

Subscribe

Moneylife Magazine Subscriber or MAS member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
Bullish mood – Weekly closing report

As long as Nifty continues to remain above 8,500, the rally may continue

 

The S&P BSE Sensex closed the week that ended on 5th December at 28,458 (down 236 points or 0.82%), while the NSE's CNX Nifty ended at 8,538 (down 50 points or 0.58%).

 

From here, as long as, Nifty continues to remain above 8,500, the rally may continue. Previous week, we had mentioned that Nifty may weaken a bit mid-week, but the trend is higher.


After a weak opening on Monday, the 50-share Nifty moved sideways for a long time before it was pulled further lower and ended in the red. Nifty closed at 8,556 (down 32 points or 0.38%). The news of the day was the November HSBC manufacturing PMI for India which stood at its 21-month high at 53.3 compared to 51.6 in October. Price of non-subsidised cooking gas was cut by a steep Rs113 per cylinder and that of jet fuel by 4.1% as international oil rates slumped to multi-year lows.


Petrol prices were reduced on Sunday while Reserve Bank of India (RBI), last Friday eased gold import norms in a bid to curb smuggling of the yellow metal. The RBI, in a circular, said that the government of India has decided to withdraw the 20:80 scheme and restrictions were placed on import of gold.


On Tuesday, the RBI in its monetary policy review kept its main lending rate viz. the repo rate unchanged at 8%. RBI said after a monetary policy review that if the current inflation momentum and changes in inflationary expectations continue, and fiscal developments are encouraging, a change in the monetary policy stance is likely to happen early next year, including outside the policy review cycle. Nifty closed at 8,525 (down 31 points or 0.36%).


Government data released on Monday showed the output of eight core industries, having a combined weight of 37.9% in the Index of Industrial Production (IIP), galloped 6.3% in October 2014.


RBI’s easing of imports curbs resulted in gold posting this year's biggest single-day rise of Rs840 on Tuesday, and it regained the Rs27,000 per 10-gram level after a gap of over one month.


After moving in a narrow range on Wednesday, Nifty closed higher with marginal gains.

 

Nifty closed at 8,538 (up 13 points or 0.15%). Indian services companies rose from 50 in October to 52.6 in November, the seasonally adjusted HSBC India Services PMI Business Activity Index. Service sector activity grew in November, as new business rose for the seventh month running.


US indices were positive on Wednesday and most of the Asian indices were positive on Thursday. These factors pulled the Nifty higher to hit its new lifetime high. However, the index could not sustain at the level and immediately started giving up gains. Nifty closed at 8,564 (up 27 points or 0.31%). The finance ministry announced the setting up of a high-level committee to interact with trade and industry on tax laws, after trading hours on Wednesday. World food prices were stable for the third consecutive month in November. The Food and Agriculture Organisation's price index averaged 192.6 points in November, barely down from 192.7 in October.


On Friday, Nifty closed at 8,538 (down 26 points or 0.30%) reversing almost the entire gain of Thursday. SEBI has found 22 public sector firms including giants like ONGC, Coal India and IOC to have violated various capital market guidelines, while banking major SBI has filed for settlement of a case against it with the regulator.


Out of the 27 main sectors tracked by Moneylife, top five and the bottom five sectors for this week were:

 

ML Top sector

 

ML Worst sector

 

Hotels

10%

Refineries

-3%

Shipping

6%

Telecom Services

-2%

Textiles

5%

Oil & Gas

-2%

Auto Components

4%

Sugar

-1%

Foods & Beverages

4%

Energy

-1%

 

User

COMMENTS

VGANESAN

3 years ago

Now a days ur prediction about market is moving against ur anticipation.Similar to other market pundits you are also giving prediction.Nobody can judge market daily movement.Only market manipulators and speculators gain.My suggestion is BAN derivatives in individual stocks.allow only in index.Indian euity market is worst casino in the world.

Urvish Chitalia

3 years ago

Your Friday closing report predicts a sharp decline in case of negative new flow. The weekly report talks of a bullish mood. Can you please explain this difference of opinion? Have I not understood something here?

Urvish

REPLY

Lakshminarasimhan

In Reply to Urvish Chitalia 3 years ago

To be on the safer side! :)

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Online Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine)