morning thoughts...
The markets continued its journey upwards and closed positive for the day.
Technically the trend is still up and the markets are likely to gain more in the coming sessions.
However there will be no much activity in stocks but with change of mercury pharma stocks are likely to outperform in the week.
No sooner did the RBI Governor Raghuram Rajan warn of an impending global financial market meltdown, he has come out with yet another warning. Well, not exactly a warning but few words of caution. And at the receiving end of his caution is the Indian banking sector. Rajan has expressed concern about the farm loan debt waivers proposed by some state Governments. As it is, the banks' capital needs have increased due to enhanced prudential requirements. Not to forget the deterioration in asset quality. And now with the rise in non-performing assets in the case of farm loans in a couple of states, the situation could worsen further. This even as the farm yields haven't been affected to the extent that they require rescheduling under the RBI norms. Consequently, this can be considered more of a political stunt than any genuine help. Certainly not a good sign for the sector whose turning around is so crucial for the entire economy as a whole.
Coming to the commodity markets bullions are likely to trade positive in the coming sessions.
Base metals and energy looks negative for the coming sessions.
Wednesday wealth creators
Buy gold , silver
Sell Crude , copper , zinc
Buy Torrent power , beml
Jackpot and Fii Buy Tv today , Ithl
Buy Nifty and bank nifty
Buy Icici 1500 ca , Jp associates 50 pa
Double Bumper Options Buy Hcl tech 1600 ca , Dlf 180 pa
The markets continued its journey upwards and closed positive for the day.
Technically the trend is still up and the markets are likely to gain more in the coming sessions.
However there will be no much activity in stocks but with change of mercury pharma stocks are likely to outperform in the week.
No sooner did the RBI Governor Raghuram Rajan warn of an impending global financial market meltdown, he has come out with yet another warning. Well, not exactly a warning but few words of caution. And at the receiving end of his caution is the Indian banking sector. Rajan has expressed concern about the farm loan debt waivers proposed by some state Governments. As it is, the banks' capital needs have increased due to enhanced prudential requirements. Not to forget the deterioration in asset quality. And now with the rise in non-performing assets in the case of farm loans in a couple of states, the situation could worsen further. This even as the farm yields haven't been affected to the extent that they require rescheduling under the RBI norms. Consequently, this can be considered more of a political stunt than any genuine help. Certainly not a good sign for the sector whose turning around is so crucial for the entire economy as a whole.
Coming to the commodity markets bullions are likely to trade positive in the coming sessions.
Base metals and energy looks negative for the coming sessions.
Wednesday wealth creators
Buy gold , silver
Sell Crude , copper , zinc
Buy Torrent power , beml
Jackpot and Fii Buy Tv today , Ithl
Buy Nifty and bank nifty
Buy Icici 1500 ca , Jp associates 50 pa
Double Bumper Options Buy Hcl tech 1600 ca , Dlf 180 pa
