Market Closes Flat Amid Confusion!

The market closed today with marginal green on #Sensex and marginal red on #Nifty both not worth mentioning! The over hang of yesterdays Supreme Court judgement and the probable judgement on 1/sep/2014 is keeping the markets confused!

Most of the Metal and Power stocks remained under pressure factoring in the losses they may suffer in case the allocations are de-allocated!

The major concern was today seen in the banking sector. Many PSUs and Private banks had sizeable corrections anticipating the nightmare of loans, given to these companies turning into NPAs in case many mines and power plants were to be shut!

We feel the supreme court has reserved its judgement to analyse the aftermath if such a scenario was to occur. This may delay the economic recovery which every body is desperately waiting for!

The positive news amid these confusions was that the interest on housing loans has been reduced by SBI marginally. Though small, it sends a positive signal to other banks to follow suit since till now they were not willing to take the lead in doing so.

We feel the present stress in the Metals, Power and Banking sector is short term, the cleansing process is on and will help all sectors recover post things are clear from the supreme court.

Use opportunities to enter some good companies. Keep visiting this space for more updates.


List of Portfolio Managers Chennai India, Best Investment options Chennai India, Stock Market Training Classes Chennai India, best investment options in Chennai India, best investment plan Chennai India, best place to invest in Chennai india, top best investment plans Chennai india, good investment Chennai india,best way to invest money in Chennai india, MarketFastFood Subscription, InvestorsARCADE Subscription, VRIDHI Mutual Funds Wealth Portfolio Managemen,Preparing a Will, Forming a Trust


Post your Valuable Comments below:

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.