Readers Hi,
Last week BSE Sensex lost 319 points or 2.2% to 14,405 and Nifty edged down 101 points or 2.3% to 4,329
Crude Oil has touched $121 and now back to $114.
FII have sold worth 2095.60Cr and Domestic MF has also sold 263.80Cr for the last week.
Inflation at 12.63% was above 12.44% for the previous week is at 16 year high.
Interest rate sensitive sectors like Reality, Bank & Auto were hammered and fears of slowdown pulled down capital goods. IT & Pharma also lost a bit.
Fertilizers stocks saw a good jump after the finance ministry approved cash subsidy instead of earlier proposed bonds.
Now with Rs above 43 against dollar would boost IT, Jewellery and other export oriented companies.
No major events next week except Futures & Options expiry on 28th Aug. See some sudden surge in the coming days before the downtrend kick starts again to retest 3750.
Volatile Days Ahead
1) Share Recommendations
- 2 New companies added in the Delivery Calls for Long term targets.
2) Mutual Funds - NFO
- JM Multi Strategy Fund
- JP Morgan India Alpha Fund
- Sahara Banking and Financial Services Fund
- ING Optimix Global Commodities Fund
www.vjondalalstreet.com/mf.php
Happy Trading!
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All information provided is for informational purposes only, not intended for trading purposes or advice. Prior to execution of any trade, you are advised to consult your financial advisor to verify the accuracy of all information. We are not liable for any informational errors, incompleteness, delays, or for any actions based on information contained herein.
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