morning thoughts...
The markets yet again decepted and decided its course upwards after a full day of volatility.
Astrologically Lord Sani changes its sign, approximately after 2.5 years.
It moved out from virgo and entered in libra, in the year 2011.
In between, being retrograde, it transited into virgo and then after getting direct, transited into libra.
As per Lord Sani Peyarchi Palangal 2014, it will reside in libra till November 2, 2014. Rasi Palan 2014 foretells that Rasi Kanni, Thulaam, and Viruchigam; will get influenced by Sani Sade Sati.
On the other hand, impact of Dhaiya will be seen on Rasi Kadagam and Rasi Meenam says Rasi Palangal 2014. In 2014, Sani will transit twice and each transit will create different effects on every individual.
With Sani Peyarchi in 2014, effects of Sani transit, which will bring changes for quite longer duration.
Coming to the current mood seems to be mixed, which could easily confuse a naive market participant - the individual investor. Opposing views are flying around now given the very sharp run up in stock prices. Some are of the view that with the run up in stock prices, their valuations have followed suit and thus, story may not be as compelling as before.
The rationale for the same is that the next leg of the rally will be driven by earnings and reforms rather than sentiments.
However, on the other hand, you have investors taking broader views of things; stating that Indian markets are the place to be.
However, on the other hand, you have investors taking broader views of things; stating that Indian markets are the place to be.
India's weight in Global Emerging Market (GEM) funds has hit a record high of 10.5% in the month of June this year. During the market peak of 2007, the same stood at 7.5%. While this share has been quite volatile in the years following 2007, the optimism started to build up ever since hopes of the Modi led government coming into power started increasing. And from what it seems, the funds are "overwhelmingly" bullish on Indian stocks even now!
At the end of the day, no matter what the market situation may be, stock prices will eventually reflect the underlying fundamentals of their respective companies, and that is what investors would be better off gauging is what we believe. If valuations do seem to have run ahead of fundamentals, it would not necessarily be a bad idea to make the most of the current optimistic scenario.
Coming to the commodity markets bullions still looks weak , base metals and energy looks strong for a buy on dips
Thursday's wealth creators
Buy Nifty - gave 67 points , bank nifty yielded 136 points
Sell Silver - gave 900 points , gold gave 178 points
Buy Copper - gave 5 rs , zinc gave 2 rs
Jackpot and fii - tata sponge gave 210 rs , ndtv gave 16 rs
Options - sail 90 ca gave 2 rs , hindalco 190 ca gave 3 rs , nifty 7800 ce gave 29 rs
