Indian equity markets opened in the green as per the indication
from the SGX, but readily slipped into the red, thanks to some listless trading
fervour that seems to be more inclined towards profit-booking for the year end
rather than any fresh build-ups! However, there are pockets of strength in the
market, esp with newsflow around some of these – case in point is the Railway
Sector – post the UPA Govt’s announcement to pursue FDI within this citadel of
the government, most of the stocks that are present in this segment – the likes
of KALINDEE RAIL, TEXMACO, BEML, KERNEX etc have been abuzz! Though it is
difficult to correlate any direct benefit to any of these accruing from a
proposal of the government to liberalise the sector since it is early days yet
and there would be a lot of clarifications that would be required before any
fervent buying can be envisaged. The other area of activity seems to be the
mining pack – SSLT and NMDC have again started attracting some attention from
investors/traders ever since some expectations on the Karnataka mining ban
being lifted have surfaced. The rest of the market, barring IT and BANKING
seems to be sideways and could continue this way till the resumption of serious
participation by institutional investors in the new year! Investment management services and investment strategies have come to hold a lot more
importance, given the present state of volatility. Financial Planning Advisors,
estate planning services providers and business wealth management provders must
make the most of this situation.
Monday, December 30, 2013
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