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3000 points gain in 14 sessions June 5, 2009

Posted by dhirendra08 in Best Performers, Bull Run, Large Caps, Overseas Operation.
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Good morning friends.  I wake up early to do my routine in the morning.  After, I tried to read newspaper.  I want to know what is happening to our business.  With reference to The Economic Times there is 3000 points gain in 14 session.  Let me share it.

While sensex has offered a gain of 23% postelection results, its main players such as Tata Steel, Jaiprakash Associates, DLF, Reliance Infra, L&T and Reliance Communications have provided investors with two to three times the gain offered by the benchmark itself.

Around 19 stocks outperformed sensex during this bull run which saw index moving from 12,000 levels to 15,000 levels in just 14 trading sessions. Investors, who were worried about Tata Steel’s overseas operations, shrugged off their fears and the steel major gained from Rs 270 to Rs 470, delivering 73% gains within a short time.

Jaiprakash Associates is the second in the gainers list, having notched up 65% returns, as its stock moved up from Rs 141 to Rs 232 in the same period.

DLF occupies 3rd position with over 60% gain as its promoters’ move to sell stakes to institutions improved investors’ sentiment. Anil Ambani’s Reliance Infra with 56% gains and Larsen & Toubro with nearly 48% returns followed as 4th and 5th best performers in the sensex pack.

“Driven by decline in cost of capital, Indian markets got re-rated and surged from the bottom with marginal improvement in economic data. Investors, sceptical of the sustenance of the rally, waited on the sidelines and cash levels in the system rose to astonishingly high levels of 15-20%. As visible in headline indices (sensex and Nifty), large caps led this rally from the front,” said Pathik Gandotra , head, research, IDFC SSKI Securities.

Sensex ends week with 241-pt loss (2) May 9, 2009

Posted by dhirendra08 in Best Performers, Weak Metal Price.
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Banking and metal shares have been very volatile over the past few months, as investors are worried about rising bad loans in banks’ books and weak metal prices. This has often led to steep falls in these shares, and equally dramatic recoveries when investors felt the panic may have been overdone.

Wipro, Sterlite Industries, ICICI Bank, Tata Steel and Reliance Infrastructure were among the prominent losers of the day, shedding between 4-6%.
Shares of automobile, capital goods and fast-moving consumer goods firms were among the best performers on a relative basis, though most of these stocks were under pressure, too.

“We strongly believe that the Indian story on fundamentals in 2008 got derailed because highly-geared and negative cash flow business groups could no longer raise  money in the capital market.

If this fact is changed over the coming months, and Indian companies succeed in raising $10-15 billion over the next few months, even if the market was to reverse later in the year on global factors or on domestic policy tightening, corporate fundamentals could be on the way for the market to be substantially higher in 2010,” a Credit Suisse report earlier this week said.