Market ends in a red zone; Nifty below 8350 mark.
Clocking losses for the third straight session market failed to rebound today, despite upside in Asian markets dragged down by IT shares ahead of Q1 results of TCS while capital goods & pharma supported ahead of the announcement of May IIP (Index of Industrial Production) data which will be unveiled tomorrow.
HEADLINES FOR THE DAY:
· Capital goods shares were in the limelight today; L&T near fresh high.
· Bhushan Steel locked with upper circuit on talk of lenders clear Rs 30,000 crore debt rejig.
· Man Industries hits new high on stake buy by investor Ashish Kacholia.
· IT shares were under pressure ahead of TCS results.
· Bank of Baroda gains after the bank cut base rate and BPLR by 10 bps.
· Shares of TWL dip on price QIP at discount.
KEY STOCKS FOR THE DAY:
· Eros Media hits fresh, high in early trades and dips 25 percent of its day high on the clarification that Eros Now is owned by its ultimate parent company viz. Eros International PLC.
· TechM (Tech Mahindra) moved higher today as the company said that it entered into collaboration with PNMsoft.
· Manpasand Beverages today listed below issue price at Rs 300 stock today hits high of 342.60 and low 285.70.
· Shares of Ceat Ltd gains after tyre maker told that they received nod from their shareholder to issue NCDs up to Rs.500 Crore.
· Shares of the jet airways gain after the company announced a monsoon sale with fares starting from 1499 per seat.
· Shares of MRPL moved higher as merger process begins with ONGC Mangalore Petrochemicals.
· Suzlon Energy gains after the company reported it had bagged new orders of Rs 1000 crore this month.
· Shares of Tata Motors fall after JLR recalls Range Rover due to a manufacturing defect.
RESULTS BLOG:
· Bajaj Corp dips more than 8 percent today after reported weak June quarter numbers. Net profit dips by 12.7% stood at Rs 47.51 crore against 54.42 crore.
· 8K Miles Software gains after reported more than-double jump in consolidated net profit for the June quarter which stood at Rs 7.22 crore.
CALLS FOR TOMORROW:
· Igarashi EQ hits fresh high today, Buying seen tomorrow as it ends with a big bullish candle which indicates more buyers are there. Buy above 611 targets 617.10/623.30/629.50 SL 604.80.
· APLLTD EQ heading towards its all time high, Buying opportunity seen from current levels, Buy above 756 targets 763.50/771.10/778.80 SL 748.40.
NEWS TO WATCH OUT:
· Watch out for the Quarterly numbers of Gruh finance on Friday i.e. on 10th July 2015.
· Watch out for the May IIP (Index of Industrial Production) on Friday i.e. on 10th July 2015.
7 golden rules of investing in stock markets
One important thing that even the greatest investor Warren Buffett doesn't effort to try to time for the stock market, therefore he have a clear and strong observation on the price point suitable to particular shares. A group of investors, though, perform just the opposite, rather that economical planners have been warning them to keep away for all time, and as a result drop their hard-earned capital in the procedure.
'So, you must never attempt to time for the stock market. In fact, no one has always completed this fruitfully and constantly over numerous trade or stock market sequence. Infectious the tops and bottoms is a fairy tale. It is so till nowadays and will stay so in the prospect. Therefore, more investors have drop more money to the people, who have earn money with expert tips like as Option Tips and Nifty Tips.
Follow a restricted investment approach
Historically it has been proved that still big bull runs and moved that have shown bouts of fear condition. The instability witnessed for the markets and has predictably created investors drop money in spite of the huge bull runs.
Whenever, the investors who spend their money methodically, in the accurate stocks and held and managed on to their investments long-sufferingly have been observed outstanding profits. Therefore, it is sensible to have patience and go behind a control investment move besides keeping a long-process wide picture in our thought.
Do not add sentiment with your judgment: Several stock investors have been dropping their capital in stock markets because they are not able to control their emotions, when the situation of particularly fear and greed. On the bull market situation, emotion of to make quick wealth is hard to resist. When the stock investors hear successful stories of fantastic profits that occurred in the stock market in a short time, then their greed augments. These forces those to think about trade stock of unfamiliar companies or make intense positions in the futures segment without expert tips such as Option Tips or Stock Tips and Forex Tips, it need really understanding the risks involved.
Instead of make money, these kinds of investors burn their fingers very defectively when the moment the market turn into reverses. On the bear market, most of times investors are panic and focus on sell their stock at rock-bottom cost. Therefore, more fear and greed are the most horrible emotions to experience when investing, and it is better for us to ignore them.
Have sensible expectations: There's nothing incorrect with eager for the most excellent return from your trade, although you could be directing for trouble if your financial objective are based on impractical guess. For example, numerous stocks have made with more than 50 % returns through the huge bull run of new years. Here, it doesn't indicate that you must always imagine the same type of return from the require markets. Therefore, when the expert says that earning more than 20 % in stock is uncertain luck and you can laugh on it, you're definitely inviting difficulty for yourself.
Invest only your additional money: If you have a strong wish to take risk in an unstable market like this, then analysis the market when you have additional funds so that you can bear to lose. Sometimes it is not essential that you will drop money in the first attempt. And sometime your important investments can provide you huge profits too in the coming months. But it is not hundred percent sure
Monitor carefully: We need always be carefully when we monitor on market. Any essential event occurring in any division of the world then there is an impact on our economic markets. Therefore we need to frequently watch our portfolio and maintain affecting the preferred change in it. If you can't evaluation of your portfolio due to time restriction or lack of information, then you must get the suggestion of a good financial advisor or someone who is able to doing this expertly. Always invest your money in safe or less-risky instruments.