It was an excellent day for INDIAN stock market & NIFTY closed positive by 120 points. As predicted, to-day’s rally was mainly led by BANKING stocks. BSE BANKEX was the biggest sectral gainer - up by 3.6% & many banks posted their life time highs. Among FINANCIALS – GRUH FINANCE & HDFC went up by 5.8-6%. In PLASTIC space, SINTEX & VIP INDUSTRIES moved up by 3.8-12.7% & in OIL space – OIL INDIA & GUJRAT GAS were up by 3.6-7.9%
LAST WEEK’S PREDICTION: It was good week for trade & NIFTY gained by 2.8% As predicted, there was great demand AUTO stocks & in 2 wheelers - BAJAJ AUTO moved up by 11%, SCOOTERS INDIA 12% & KINETIC MOTORS by 30%. MARUTI & M&M by 5%. In LEATHER space - CREW BOSS & MAYUR LEATHER surged by 26 – 32%. Among PERSONAL CARE, GODREJ INDUSTRIES was the star performer & appreciated by 21% during the week.
LAST WEEK’S PREDICTION: It was a mixed week for the Indian market which saw a bout of volatility. SENSEX & NIFTY were up by 1.2-1.3%. As predicted, GOLD made all time high in international & local markets during the week. In PAINTS & VARNISH space – ASIAN PAINTS & selected stocks from OIL & GAS sector too made new 52weeks high.
LAST WEEK’S PREDICTION: It was a poor week for the market & NIFTY down by 2.3%. As predicted, OIL & GAS sector out performed & BPCL went up by 18%, HPCL by 8% & IOC by 7%. Astrological support was so strong for this sector that on 27th August 10, when NIFTY was down by 69 points, all stocks in this sector i.e., BPCL, HPCL, IOC, GAIL, OIL INDIA & ONGC etc closed in green. In AVIATION – JAGSON AIRLINES was up by 44% & all other stocks made new high during the week. Among WATCHES – TITAN & TIMEX moved up by 6-2.9%.
LAST WEEK’S PREDICTION: It was quiet & flat week & NIFTY ended up by 0.25%. As predicted FINANCIAL sector continued to out perform & in BANKING – YES BANK, BOI, UCO BANK, SBI, CITY UNION BANK & UNITED BANK etc appreciated by 7-11%. In HOUSING FINANCE – LIC HOUSING was up by 4%, CANFIN HOME by 10% & GIC HOUSING surged by 21%. Among WATCHES – TITAN shot up by 8.5%. In AUTO – EICHER MOTOR & TATA MOTOR up by 9-20%. BSE AUTO up by 2.87%. In PAINTS – ASIAN PAINT & BERGER moved up by 4-8%,
LAST WEEK’S PREDICTION: It was quiet & flat week & NIFTY ended up by 1.4%. As predicted FINANCIAL sector continued to out perform & in BANKING – KOTAK, ICICI, SBI,BOI, IOB & CENTRAL BANK etc appreciated by 6-16%. In HOUSING FINANCE – HDFC, LIC HOUSING, GIC HOUSING, CANFIN HOME & GRUH FINANCE surged by 3-14%. Among WATCHES – TIMEX shot up by 33%.
LAST WEEK’S PREDICTION: As predicted FINANCIAL sector continued to out perform & in BANKING – BOB, UCO BANK, ALLHABAD BANK, CENTRAL BANK & OBC etc appreciated by 4- 13%. In HOUSING FINANCE – DEWAN HSG & LIC HOUSING went up by 7-11%. Among LIQUOR space GLOBUS went up by 9%, MILENNIUM BEER by 10%, GM BREWRIES by 13% UNITED BREWERIES by 14% & PIONEER DISTILERY shot up by 23%. TITAN moved up by 5.3%.
LAST WEEK’S PREDICTION: As predicted FINANCIAL sector continued to out perform & in BANKING – ANDHRA BANK, VIJAYA, CENTRAL BANK, DENA, CORPORATION, INDIAN, IOB, ALLHABAD & UCO BANK etc went up by 5-10%. Among WATCHES space TITAN & TIMEX WATCHES appreciated by 4-9%.
LAST WEEK’S PREDICTION: As predicted FINANCIAL sector dominated the market & in BANKING – UCO, VIJAYA, BOI, YES BANK, AXIS, OBC etc went up by 6-11%. It was predicted that HOUSING FINANCE sector will out perform & in that segment HDFC appreciated by 4%, LIC HSG & GRUH FINANCE by 8%, DEWAN & GIC HOUSING by 12% & CANFIN HOME by 14%. Among AUTO – SWARAJ MAZDA & TATA MOTOR moved up by 6-10%. TITAN was the star performer & gained 10.7%.
LAST WEEK’S PREDICTION: With the blessings of Lord GANESHA, our prediction about all sectors proved correct. In FINANCIALS – HDFC BANK, INDIAN BANK, DEWAN HSG, OBC, BAJAJ AUTO FINANCE, M&M FINANCIALS & FEDERAL BANK etc moved up by 5-14%. In AUTO – M & M, EICHER MOTOR, SWARAJ MAZDA & ASHOK LEYLAND by 4-11%. Among PERSONAL CARE –DABUR, GODREJ IND, EMAMI & JHS SVENDGAARD appreciated by 3-21%. SINTEX, VIP INDUSTRIES & BRIGHT BROS went up by 3-19% in PLASTIC space.