Wednesday, April 25, 2007

 

India Stock Market Update 25 April 2007

The last few days have been good for the investors in the Indian stock market. The market has gone on to hit a 2 month high of 14,200 for the sensex. In addition, the negative trends for liquidity as being pushed by the RBI and the Government in an attempt to control inflation seem to have worked and we can see inflation slightly tapering down. Still high, but no longer in full-blown panic mode. This could of course also be due to the elections having passed everwhere except in Uttar Pradesh where some phases of polling are still due.
With the Reserve Bank indicating loosening on controls on the sub-20 lakh loans, the realty companies and housing finance companies are back on a good roll, with their stock prices increasing in the past few days.
With all this, and with the sensex on a high, there is a need for caution. There will be an increasing tendency to do profit-taking, which could cause the same amount of volatility as we have seen in the past. This was on display even today, when the sensex was initially negative, but then closed in the positive.
Stocks that I am currently tracking:
1. Reliance Industries: Rs. 1600
2. IFCI: Rs. 39
3. Atlas Copco: Rs. 678
4. Infosys Tech: Rs. 2022

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