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Well Nakeeran, wait till July. Companies first quarter results wil come out. It MAY put a break to this bear run. But again its my perception only.
During this bear run, many gud news came abt our economy. Our GDP growth and all r very gud. To put it in our Finance Minister's words, OUR FUNDAMENTALS R STRONG.
Wat makes me wonder is during bear runs, MFs wil usually b net buyers. But yesterday MFs were also net sellers.
It is got to do something with investor sentiment also. Many of the retail investors who bought shares in last year r panic abt this crash. So they want to book profit (or book minimal loss) b4 the market crashes further. This approach may b gud if they owned some valueless shares. But investors who invested in gud stocks need not worry abt this fall.
MARKETS SEE SOME GREEN
JUNE 15, 2006
SENSEX-> 9545.06 (615.62 points, 6.89%).
BSE100-> 4845.74 (310.74 points, 6.85%).
BSE500-> 3624.81 (220.67 points, 6.48%).
BSEPSU-> 4643.43 (261.94 points, 5.98%).
BSEMIDCAP-> 3924.57 (203.37 points, 5.47%).
BSESMLCAP-> 4678.57 (175.94 points, 3.91%).
BSEBANKEX-> 4253.04 (235.86 points, 5.87%).
NIFTY-> 2798.80 (6.31%).
15 June, 2006
9500-10,000 is probably fair value for mkt now: Malkani
Member of NSE, Jagdish Malkani believes today's bounce back or rally, will be slightly longer and will bring back some confidence in the markets. "I think 9500 - 9800 or even 10,000 probably is a fair value for this market right now," he says.
Malkani also believes if the rally comes, the top 20 -30 midcap stocks would be sold off. "The midcaps are really battered and bruised and I think they are going to take a while to come back," he says.
Malkani discusses various sectors and gives his picks from the long-term and short term perspective.
Excerpts from CNBC - TV18’s exclusive interview with Jagdish Malkani:
http://markets.moneycontrol.com/indi...article/220528
June 16, 2006: 10.04 AM
SENSEX zoomed 330 points to 9875 at initial trade.
http://www.bseindia.com/
June 16, 2006: 10.07 AM
NIFTY zooms 98 points (3.50%) to 2897.
Sensex crossed 10000 mark @ 11.49 AM.
GP which shares are going fine now :huh:
Yov Gokul pratap
Ippa ennayyaa solla poreenga :cry:
Erudhu oru naal. irangudhu maru naal
Ketta July vara veitu pannu nu solreenga.
PL EXPLAIN WITH CLEAR REASONS.
I DONT TO HEAR WHAT MALKHANI SAID
Nakeerarae...
If U r planning to Invest in Indian stocks..this may be the right time.Almost all stocks have shed by about 30%.You should keep your investments for the longterm.Atleast 1 year.Konjam risk kammiyaa irukkanumnaa...invest in large caps..with good results.Those stocks will raise as fast as they fall..But u cant expect the same from Midcaps or small caps.