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.