Wednesday, October 31, 2007
Indian stock market update as of 1 November 2007
By the grace of God, I have held my nerve (some may call it being greedy) and have not yet cashed out, hence stocks have shown good growth. There are tremendous pushes for a correction, and if you just look at the maths, a 1000 point fall, however strong it feels, is a drop of 5% and the Indian market has shown such kinds of volatility. One thing is sure, this is a good time to try and get out of speculative and high risk stocks since they are the first ones to get impacted. And for all the good news about the sensex, many times it seems that the midcaps are under-performing the sensex, so that is also something to be factored in.
Stocks that I am currently tracking:
KLG Systel: Rs. 740
Adhunik Metaliks: Rs. 149
Hindustan Constructions: Rs. 215
Indiabulls Real Estate: Rs. 644
JMC Projects: Rs. 460
Labels: Equity, FII, India, Liquidity, Stock
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