Market update as on 25 November 2016

Sensex:

            Today, the Sensex gained almost 457 points to close at 26316.34 up by 1.76%.

Nifty:

          Today, the Nifty also gained around 148 points to close at 8114.30 up by 1.87%.

Reason:

             Value buying after more than 7 percent loss in November due to demonetisation and US elections and sharp recovery in rupee could be the reason for positive sentiment.

Market update as on 23 November 2016

Sensex:

            Today, the Sensex gained 91 points to close at 26051.81 up by 0.35%.

Nifty:

          Today, the Nifty also gained around 31 points to close at 8033.30 up by 0.39%.

Reason:

             After consolidation, the NSE Nifty managed to hold 8000 level for the second consecutive session ahead of expiry of November futures and options contracts tomorrow.

Market update as on 22 November 2016

Sensex:

            Today, the Sensex gained 195.64 points to close at 25960.78 up by 0.76%.

Nifty:

          Today, the Nifty also gained around 73.20 points to close at 8002.30 up by 0.92%.

Reason:

             The Indian markets snapped a 6 day fall mainly due to short covering and positive global cues.

One up on Wall Street by Peter Lynch - My favourite lines (Part I)

I began investing when I was 24 in small amounts. I was really fascinated by the way the stock market works and the money the people make in investing in stocks. I have read some books like Rich Dad Poor Dad by Robert Kiyosaki but I wasn't getting the real juice out of any as I was expecting a different flavour.

So this happened right after my second semester at Christ University started that I went to the library to take a book other than our subject area just to fill my bag and for my personal satisfaction. That is when I came across this book One up on Wall Street by Peter Lynch which has really made be stick to the book for this long. I will be writing this post continuously till I finish reading this book so that I could tell you my favourite quotes from this lovely book.

Market update as on 21 November 2016

Sensex:

            Today, the Sensex dropped 385.10 points to close at 25765.14 down by 1.47%.

Nifty:

          Today, the Nifty also lost around 187.85 points to close at 8108.45 down by 1.80%.

Reason:

             Growth worries coupled with the effects of demonetisation erased all the gains of the year 2016.

Market update as on 18 November 2016

Sensex:

            Today, the Sensex dropped 77.38 points to close at 26150.24 down by 0.38%.

Nifty:

          Today, the Nifty also lost a little around 5.85 points to close at 8074.10 up by 0.07%.

Reason:

             After oscillating in a 242 points range, the BSE Sensex ended at 6 month closing low on friday as investors continued to avoid taking fresh positions.

Market update as on 16 November 2016

Sensex:

            Today, the Sensex lost around 6 points to close at 26298.69 down by 0.02%.

Nifty:

          Today, the Nifty gained a little around 3.15 points to close at 8111.60 up by 0.04%.

Reason:

             The market continued to be choppy and was a roller coaster ride with the market swinging between red and green throughout the day.

Market update as on 15 November 2016

Sensex:

            Today, the Sensex lost around 515 points to close at 26304.63 down by 1.92%.

Nifty:

          Today, the Nifty also lost around 188 points to close at 8108.45 down by 2.26%.

Reason:

             Both the Sensex and the Nifty lost points due to the strengthening of the bond yields and US dollar on US President-elect Donald Trump policies.

Demonetisation: Why I think its not enough?

As the whole world, looks to India which has its Rs 500 and Rs 1000 Indian Rupee notes demonetised, I wanted to share my initial thoughts on this issue.

Market update as on 11th November 2016

Sensex:

            Today, the Sensex lost around 698 points to close at 26818.82 down by 2.54%.

Nifty:

          Today, the Nifty also lost around 230 points to close at 8296.30 down by 2.69%.

Reason:

             Both the Sensex and the Nifty were on a downward spiral due to the profit booking that took place.

Market update as on 10th November 2016

Sensex:

            Today, the Sensex gained around 266 points to close at 27517.68 up by 0.97%.

Nifty:

          Today, the Nifty gained around 94 points to close at 8525.75 up by 1.11%.

Reason:

             The equity benchmarks recovered today surging 491 points intraday but trimmed gains in late trade due to further selling in technology and auto stocks.

Market update as on 9th November 2016

Sensex:

            Today, the Sensex lost around 339 points to close at 27252.53 down by 1.23%.

Nifty:

          Today, the Nifty lost around 112 points to close at 8432.00 up by 1.31%.

Reason:

             The markets plunged to new lows before recovering after Donald Trump defeated Hillary Clinton in the US Presidential elections. The impact of Prime Minister Narendra Modi banning the legal tender of Rs 500 and Rs 1000 notes were also seen on the markets.

Market update as on 8th November 2016

Sensex:

            Today, the Sensex gained around 133 points to close at 27591.14 up by 0.48%.

Nifty:

          Today, the Nifty gained around 47 points to close at 8543.55 up by 0.55%.

Reason:

             The rally in trade was largely on hopes of Hillary Clinton becoming the 45th President of The United States of America.

Market update as on 7th November 2016

Sensex:

            Today, the Sensex gained around 185 points to close at 27458.99 up by 0.68%.

Nifty:

          Today, the Nifty gained around 64 points to close at 8497.05 up by 0.75%.

Reason:

             The global markets had a relief rally today after a clean chit to US Presidential candidate Hillary Clinton in email probe by FBI. So the Indian indices followed them and ended a five day losing streak.

Blog marathon starting today!

From today on for one month, I will be writing on financial news which would be helpful for me for my Continuous Internal Assessment (CIA) in my Financial Management subject at Christ University.

Chelsea vs Manchester United Premier League Match Review

For Manchester United, this was a night to forget! But sadly I won't. It will be in my mind until we beat them again this convincingly and going by our club's recent history I can't forget this soon enough.

F1 United States Grand Prix 2016 Qualifying Report

The United States edition of the Formula One championship for 2016 will be held from 22-24 October. And just a few minutes back the qualifying session got completed. For the not so race addicts, qualifying sessions are done for deciding the grid slots from where each car starts on the first lap of the race. I have watched a lot of races before but I wanted to write about this race as this could be a real turning point in the lead for the championship.

Assassins Creed 4: Black Flag Review

Assassins Creed 4: Black Flag is a game which I wanted to play for a long time after Assassins Creed 1 and 2. So that is why I got the Assassins Creed Americas Collection consisting of 3 AC games in a single disc. So coming to the game, I totally loved it!

The 2016 US election that finished even before it happened

Almost everyone in this world living right now apart from North Koreans are aware of the elections in the United States. I am not writing this article to endorse or support a candidate but to focus on the repercussions of this election on other countries. The election may not have taken place already but America has already lost the election. 

Repercussions of Brexit on Indian Economy

            The people of United Kingdom have decided to leave the European Union. The stock markets all over the globe are seeing tremendous volatility. The President of the European Union have called for a quicker end to the separation of UK from them so that it can put an end to some uncertainties. Meanwhile, David Cameron has offered his resignation.

The beginning of my tryst with blogging

Hi Guys,

I have been trying to postpone this moment for so long that I just didn't want to enter the word of writing. But as it always happens in my life what I procrastinate the most will slowly but surely become a reality. So here I am riding another adventure into the blogging world. I didn't do any prior research on how to blog and so please excuse me if I am doing something wrong. :) I will try to correct it surely in the future posts.

I have decided to write about my life in general, finance (not hardcore but something interesting) and tech. I really love technology. I may also share some of my life experiences as I take this journey to try to be not so boring. I hope to write at-least one post per week and will really keep it short. I know how impatient we are! (even I am) So I really hope you all appreciate my new endeavour and support me. 

And one more thing! 

Kindly do follow or subscribe or press whatever is there as a button next to my profile. Just be in touch. Peace :)