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Indian stock market report - How to invest in stocks.BY: money | Category: Business and Finance | Post Date: 2009-06-03
Indian stock markets are trying to consolidate on the current levels. After strong gain of Monday, Tuesday and Wednesday were not very good. Bombay stock exchange sensitive index Sensex and national index sensitive index nifty closed flat amid great volatility. But, on Wednesday Sensex crossed 15,000 levels but ends below 15,000. Whereas nifty closes at 4530 levels. Benchmark indices Sensex and nifty closed on a flat note on second consecutive day. On Wednesday trading selling pressures were seen in banking and select oil & gas stocks. And in stocks like NTPC, SAIL, Infosys and Bharti lost their Monday gains. However, buying in FMCG, cement, pharma, select metal and infrastructure stocks helped the indices to be near their previous level. On Wednesday, the first half session of the trade was fantastic, but in the second half session of trade was not very good. Selling pressure was seen on upper level. The midcap and smallcap indices outperformed the benchmark indices. Midcap and smallcap stocks were on the buyers' radar. Wednesday was a great day for the stock market. Because, the BSE Sensex touched the 15,000 mark during the day. After nine months Sensex touched this level. But, it could not sustain on that level. Anyway, now stock market is showing great strength. Lots of factors are working behind this growth. Domestic along with the strong global cues are pushing the stock market ahead. The kinds of rally we are seeing these days are looking quiet sustainable. Because, volumes are really at their great level. In most of the trading day volumes are crossing the Rs 1 lakh crore mark. If, we talk about investors, then foreign institutions as well as domestic institutions are showing their interest. And the big thing is now a day's retail investors are also showing great interest. Now, sentiment is improving these days. But, after all these things, concerns are remained in the system. May be, at domestic level scenario is changed. But, as per global issues are concerned, some kind of worries are remained in the stock markets. What should be the next step for investors are still not very clear? May be, better than before. But, investors should be very careful. If we will take a look on this entire rally, then we find that the early stages of stock market rally in April were characterised by short coverings and low volumes. And after that, market moved up in a bigger way. We have since then seen some reallocation from foreign institutional investors. But within the latter stages of the Indian stock market rally so far we have seen reallocation which has left many investors on the sidelines wondering whether or not they should come in now or wait for a pull back. Few investors who could not involve themselves in this current rally will be very sad. They are in dilemma now. They think should I enter now or wait for some more time. But, as per my suggestions are concerned, investors will definitely get some more time to enter. But, in current scenario, new range has come in. if I talk a broader range the sensex can consolidate between 12 thousands to 16 thousands. But, if every things will go in a right direction then Indian stock market can touch 19 thousands also. At worst level, market will not go beyond 10 thousands. But, I will suggest one thing, if Indian stock market come around 12 thousands then you can start your investments. Otherwise, at current level you will have to choose between specific sectors, oversold sectors or stocks. In short, don't wait and pick up nice stock which you feel that it is trading at attractive levels. Then definitely you will get returns. Because, there are so many stocks which has not participated in the current rally. Find those stocks and invest in them. This strategy will definitely work out. Otherwise, if you are not planning to take risk then wait for correction. And definitely you will get chance to enter in the markets. Many people are in the sidelines. They are waiting for good time to enter. Global concern will definitely break this rally. and that will be the time when you can take right decisions. Article Source: http://www.saching.com About Author / Additional Info: How to invest in stocks in India. This is just a personal opinion, please do your own research before really investing in stocks. Stocks always carry risk of losing money. Additional Articles: * Rediscovered Life at 26!! * Learn the most important reasons for which people travel * Natural ways to get relief from a sore throat * Simple and effective methods of countering writers block * Entertaining the people through movies Does this article violate or infringe on your copyright ? It is a violation of our terms for authors to submit content which they did not write and claim it as their own. 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