The Bombay Stock Exchange Limited is the oldest stock exchange in Asia. It is also the biggest stock exchange in the world in terms of listed companies with 4,800 listed companies as of August 2007.[1] It is located at Dalal Street, Mumbai, India. On 31 December 2007, the equity market capitalization of the companies listed on the BSE was US$ 1.79 trillion, making it the largest stock exchange in South Asia and the tenth largest in the world.
The Bombay Stock Exchange was established in 1875. Around 4,800 Indian companies list on the stock exchange. The BSE SENSEX(SENSitive indEX), also called the "BSE 30" is a widely used market index in India and Asia. Though many other exchanges exist, BSE and the National Stock Exchange of India account for most of the trading in shares in India.
Monday, June 30, 2008
Time to buy selected stocks
Indexes , again fell today.Sensex fell 2.47% and standing on 13,461.60 and Nifty is on 4040.55.As all say...One should never catch a falling knife.It's time to believe in it.If one is eager to invest at this point of time...one should carefully select the undervalued stocks or the stocks which don't deserve the beating ,what we saw recently.
Indexes are coming down to my given level as i said in my May month blog.My studies say that indexes are near the bottom and it will be wise to buy those stocks ,which are on the supporting level on the charts for a technical bounce which can give the investors 15 to 20 % return in 2 months from now.
Indexes are coming down to my given level as i said in my May month blog.My studies say that indexes are near the bottom and it will be wise to buy those stocks ,which are on the supporting level on the charts for a technical bounce which can give the investors 15 to 20 % return in 2 months from now.
Saturday, June 28, 2008
Sensex will go past 40000 in next 5 years
When I used to say my friends ,that sensex has the potential to go past 40,000 mark,no one believed me.It was in 2005 winter.Once, that year,i asked famous technical analyst ,Vivek Patil ,at icici bank towers hall,about the similarity between nikkei graph(between 1960-90) and indian stock market chart pattern,and asked
whether the sensex will do a nikkei?He said he will have a look on that but I told him that i strongly believe that it can,when i studied and compared our economy to Japnese electronic boom from out IT boom and our major companies growth rate.it seemed on the card.
On 29 October 2007, Sensex had touched the peak of 20,000...then one of my friend came and congratulated me for my market reading.I was overwhelmed with joy.
Now sensex is in correction mode and i think that it will be a life time opportunity to buy stocks.
Sensex has still the potential to go past 40,000 mark in next 5 years.
whether the sensex will do a nikkei?He said he will have a look on that but I told him that i strongly believe that it can,when i studied and compared our economy to Japnese electronic boom from out IT boom and our major companies growth rate.it seemed on the card.
On 29 October 2007, Sensex had touched the peak of 20,000...then one of my friend came and congratulated me for my market reading.I was overwhelmed with joy.
Now sensex is in correction mode and i think that it will be a life time opportunity to buy stocks.
Sensex has still the potential to go past 40,000 mark in next 5 years.
CRR and Repo rate hike
The RBI hiked the repo rate, the rate at which banks borrow from RBI, by 50 basis points and the CRR by 50 basis points,(CRR), Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with RBI.
Certainly ,it will do an adverse effect on the stock market.Indexes are goin down to my given levels of 3500(nifty)and 11,000(sensex).Currently, at the end of this week trade,nifty is on 4136 and sensex is on 13802.
Certainly ,it will do an adverse effect on the stock market.Indexes are goin down to my given levels of 3500(nifty)and 11,000(sensex).Currently, at the end of this week trade,nifty is on 4136 and sensex is on 13802.
Wednesday, June 4, 2008
Sharp Fall
As i cautioned you guys, before in my blogs earlier.Indexes are going down and down.The Government has increased the LPG,diesel,petrol prices.It will fuel the political battle and one must admit.., this can be a downfall for the UPA government.The Indexes are down 2.7 % today.Nifty is around 4585, and Sensex is at 15,514.But i can see some silver lining in the cloud.I can see some stocks which can be multibagger at this stage.So be prepared.
E-mail-stock_analyst_indian@yahoo.com
E-mail-stock_analyst_indian@yahoo.com
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