Indian Stock Market News and Discussion Thread - Page 5

SSCaddict · August 8th, 2011, 08:06 PM

but ichi at 4800 many stocks will be fairly valued and many more very cheap, even some blue chips will be cheap.

MeMumbaikar · August 8th, 2011, 09:07 PM

^
i am agreeing with you.

Just stating that the earnings will be in line with the market prices

arijeetb · August 8th, 2011, 09:36 PM

Quote:

Originally Posted by SSCaddict

my target is 4800 for Nifty by friday or max by next friday.

I think 5000 is a critical level for NIFTY which hopefully will not be breached, even though it fell below 5100 today. Delinking US credit downgrading from economic growth in the minds of investors would help in raising or atleast sustaining the levels. Also quite a bit would depend on IT & realty stocks that have nose dived. Anyway fingers crossed.

SSCaddict · August 9th, 2011, 05:57 AM

crashed again, again IT & metals. This time defensives like pharma are also coming down.

MeMumbaikar · August 9th, 2011, 10:44 AM

they have fallen again

not crash i would say

but they should Settle in 16000-16500 for the sensex

and about 4700-4900 for nifty

some good buys in the IT sector coming up

KuwarOnline · August 9th, 2011, 10:46 AM

The Sensex has rebounded on the back of a positive opening in European markets. The index is up 65 points at 17,055. Nifty is up 22 points at 5,140.

The markets switched to a recovery mode after having plunged deep in the opening trades.

Earlier in the day, the BSE benchmark index had touched a low of 16,432 while the Nifty had slipped below the 5000-mark for the first time since June 2010.

The Asian markets, though recovering, are still underperforming compared to our markets. The Hang Seng index is at 19,632, down 4% and the Nikkei is down 2% at 8,885.

Energy major Reliance Industries has received approval from the government for selling stakes in 21 oil and gas blocks to British Petroleum for Rs 32,540 crore. The stock is now down 2% at Rs 767.

Among the Sensex 30 stocks, Mahindra & Mahindra, Bajaj Auto, DLF, ONGC and Maruti Suzuki are the top gainers, up 1-3%, each. On the other hand TCS, Sun Pharma, Wipro, Infosys and Tata Motors, are down 4% each.

More on...
http://www.rediff.com/business/slide...e/20110809.htm

MeMumbaikar · August 9th, 2011, 10:48 AM

they have fallen again

not crash i would say

but they should Settle in 16000-16600 for the sensex

and about 4700-4900 for nifty

some good buys in the IT sector coming up

KuwarOnline · August 9th, 2011, 10:56 AM

But I dont think this slowdown is repeat of 2008? is that serious ? what you guys think? ichi, sagar ?

MeMumbaikar · August 9th, 2011, 11:05 AM

Quote:

Originally Posted by KuwarOnline

But I dont think this slowdown is repeat of 2008? is that serious ? what you guys think? ichi, sagar ?

its not

its a mild recession

At the most you should see USA contract by -0.5% year on year.

However, if the european debt crisis comes to fruition with Spain and Italy defaulting,you really are going to have the world economy on its knees.

The ECB buying their bonds has meant that has cooled down IMO

KuwarOnline · August 9th, 2011, 11:17 AM

Hope that this isnt 2008.

MeMumbaikar · August 9th, 2011, 11:29 AM

^
it wont

as for inflation

Quote:

Oil prices plummeted well below $100 a barrel on Tuesday, as ongoing anxiety regarding the global economic recovery sparked demand concerns.

Brent crude dropped by more than $5 in the early hours to $98.74 a barrel, representing a 22% fall from the $127 peak in April. By 09.43am in London, prices edged back over the $100 mark to trade at $101.89.

http://www.sharecast.com/cgi-bin/sha...ory_id=4423925

oil price at 90-95 will do well for india

SSCaddict · August 9th, 2011, 01:54 PM

Brent has again reached $105.(pure speculation)

BTW kuwar just watch Europe. US is not a problem as of now, but if europe worsens then yes it could be worse than 2008.

MeMumbaikar · August 9th, 2011, 02:13 PM

I dont think it will be an issue with Europe.

the ECB having bought bonds of Spain and Italy have moved them away from 6%

now trading at 5% and should be further pushed down to 4%.There is also talk of a trillion dollar fund in euros for a bail out.

SSCaddict · August 9th, 2011, 02:18 PM

buying bonds is a temporary relief, what if the crisis spreads to other european nations? You can't keep on bailing more and more countries.

MeMumbaikar · August 9th, 2011, 02:22 PM

Quote:

Originally Posted by SSCaddict

buying bonds is a temporary relief, what if the crisis spreads to other european nations? You can't keep on bailing more and more countries.

which european nations are there left to spread?

or more specifically Euro area nations.

SSCaddict · August 9th, 2011, 07:22 PM

France and Britain. Germany is stable.

MeMumbaikar · August 9th, 2011, 07:52 PM

Britain is not in the euro

Fracne bonds are pretty low and their debt to gdp ratio is below 100 as well. Plus a growing economy

SSCaddict · August 9th, 2011, 08:01 PM

i mean UK, isn't UK not in euro?

MeMumbaikar · August 9th, 2011, 08:25 PM

UK is not in the euro

they can effectively print their way out of trouble.

zenith_suv · August 10th, 2011, 06:46 AM

To me from an outsiders perspective the Indian stock market reminds me of kids playing football when they are 5yr. old. Everyone just keeps running wherever the ball goes and no one holds their position or make the right move at the right time. In this case the ball being NYSE and the kinds being Nikki, NSE , Hang Seng etc.

August 9th, 2011, 10:46 AM	#86
KuwarOnline kuwaronline Join Date: Nov 2009 Location: Mumbai/Delhi Posts: 3,757 Likes (Received): 249	Global markets crash; Indian stocks recover The Sensex has rebounded on the back of a positive opening in European markets. The index is up 65 points at 17,055. Nifty is up 22 points at 5,140. The markets switched to a recovery mode after having plunged deep in the opening trades. Earlier in the day, the BSE benchmark index had touched a low of 16,432 while the Nifty had slipped below the 5000-mark for the first time since June 2010. The Asian markets, though recovering, are still underperforming compared to our markets. The Hang Seng index is at 19,632, down 4% and the Nikkei is down 2% at 8,885. Energy major Reliance Industries has received approval from the government for selling stakes in 21 oil and gas blocks to British Petroleum for Rs 32,540 crore. The stock is now down 2% at Rs 767. Among the Sensex 30 stocks, Mahindra & Mahindra, Bajaj Auto, DLF, ONGC and Maruti Suzuki are the top gainers, up 1-3%, each. On the other hand TCS, Sun Pharma, Wipro, Infosys and Tata Motors, are down 4% each. More on... http://www.rediff.com/business/slide...e/20110809.htm __________________ Photos : Mumbai Skyline(>400 photos) \|\|Mumbai Views \|\|Green Delhi 2010 \|\| Mumbai Airport \|\| Mumbai Malls

August 9th, 2011, 10:56 AM	#88
KuwarOnline kuwaronline Join Date: Nov 2009 Location: Mumbai/Delhi Posts: 3,757 Likes (Received): 249	But I dont think this slowdown is repeat of 2008? is that serious ? what you guys think? ichi, sagar ? __________________ Photos : Mumbai Skyline(>400 photos) \|\|Mumbai Views \|\|Green Delhi 2010 \|\| Mumbai Airport \|\| Mumbai Malls

August 9th, 2011, 11:17 AM	#90
KuwarOnline kuwaronline Join Date: Nov 2009 Location: Mumbai/Delhi Posts: 3,757 Likes (Received): 249	Hope that this isnt 2008. __________________ Photos : Mumbai Skyline(>400 photos) \|\|Mumbai Views \|\|Green Delhi 2010 \|\| Mumbai Airport \|\| Mumbai Malls

Thread Tools
Show Printable Version Email this Page
Display Modes	Rate This Thread
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode	Rate This Thread:

August 10th, 2011, 06:46 AM	#100
zenith_suv Registered User Join Date: Apr 2008 Posts: 1,871 Likes (Received): 2	To me from an outsiders perspective the Indian stock market reminds me of kids playing football when they are 5yr. old. Everyone just keeps running wherever the ball goes and no one holds their position or make the right move at the right time. In this case the ball being NYSE and the kinds being Nikki, NSE , Hang Seng etc.