Common Wealth Gains

Wealth is the ability to fully experience life. - Henry David Thoreau.

A spectacular start to Commonwealth Games on Sunday will shift the focus away from controversies to the actual sports. A few new records will be set for sure. Records are also being broken on the bourses. FII inflows have already surpassed last year’s record. The key indices are also within striking distance of record highs. A slew of stocks are hitting new highs too.



As of now it looks like FII inflows will continue unabated, as global investors chase higher returns in emerging markets amid uncertainty in the developed world. A few headwinds do exist such as high inflation, swelling current account deficit, hardening interest rates and of course murky outlook on the global economy. But, India's GDP growth will still stay robust.

Today’s start promises to be a solid one. Asian markets are up on the back of Friday’s higher finish on Wall Street. Markets in China will be shut till Thursday. European indices closed in red on Friday.

All eyes will be on the monthly US jobs data and other important economic reports. Central bank decisions are due in Japan, Australia, the UK and EU. Earnings season also kicks off this week.

The Nifty's critical trading band between 5990-6080 has got broken on the upside. The earlier resistance is likely to provide support at 6080 in the near term. On the way up,the immediate resistance is seen at around 6250 above which the Nifty is likely to take shot at its all time high of 6,357.

There is bound to be some sort of a pull-back in the main indices after such a stunning rise in the past one month or so. But, mostly people will look to buy into those dips. A major crack is unlikely unless we get some really nasty news from the overseas markets or in the upcoming corporate earnings season.

The sentiment is quite clearly upbeat as far as India is concerned. Global markets too are not falling apart despite periodic bad news. So, ride the current momentum but don't forget to lock in some gains. Also, avoid getting trapped in a wrong counter and do proper homework before jumping into any stock(s).

The FIIs were net buyers of Rs18.25bn in the cash segment on Friday (provisionally), according to the NSE web site. Local funds were net sellers of Rs6.71bn. In the F&O segment, the foreign funds were net buyers at Rs9.22bn.

Wealth is the ability to fully experience life. - Henry David Thoreau.

A spectacular start to Commonwealth Games on Sunday will shift the focus away from controversies to the actual sports. A few new records will be set for sure. Records are also being broken on the bourses. FII inflows have already surpassed last year’s record. The key indices are also within striking distance of record highs. A slew of stocks are hitting new highs too.

As of now it looks like FII inflows will continue unabated, as global investors chase higher returns in emerging markets amid uncertainty in the developed world. A few headwinds do exist such as high inflation, swelling current account deficit, hardening interest rates and of course murky outlook on the global economy. But, India's GDP growth will still stay robust.

Today’s start promises to be a solid one. Asian markets are up on the back of Friday’s higher finish on Wall Street. Markets in China will be shut till Thursday. European indices closed in red on Friday.

All eyes will be on the monthly US jobs data and other important economic reports. Central bank decisions are due in Japan, Australia, the UK and EU. Earnings season also kicks off this week.

The Nifty's critical trading band between 5990-6080 has got broken on the upside. The earlier resistance is likely to provide support at 6080 in the near term. On the way up,the immediate resistance is seen at around 6250 above which the Nifty is likely to take shot at its all time high of 6,357.

There is bound to be some sort of a pull-back in the main indices after such a stunning rise in the past one month or so. But, mostly people will look to buy into those dips. A major crack is unlikely unless we get some really nasty news from the overseas markets or in the upcoming corporate earnings season.

The sentiment is quite clearly upbeat as far as India is concerned. Global markets too are not falling apart despite periodic bad news. So, ride the current momentum but don't forget to lock in some gains. Also, avoid getting trapped in a wrong counter and do proper homework before jumping into any stock(s).

The FIIs were net buyers of Rs18.25bn in the cash segment on Friday (provisionally), according to the NSE web site. Local funds were net sellers of Rs6.71bn. In the F&O segment, the foreign funds were net buyers at Rs9.22bn.