Written By Mrit: First of all Please let me clear one thing, I just share my views only. I don’t recommend any share to buy or sell. I am just a learner in this verse market. Also I don’t have any HOLY-GRILL formula to make money easily. I am in this market from last six years and I understand it a little. Lets start with today’s Share Market News.
Today Share Market BRIEFS:
NIFTY previous day close was around 18266. Today NIFTY opened at 18382. It was a little gap-up opening, but was unable to hold that position. Made a day high of 18384 and a day low of 18048, then closed at 18178.
Also BANK NIFTY previous day close was around 39518. Today BANK NIFTY opened at 39676. A gap-up opening. Made a day high of 40200 and a day low of 39248, then closed at 40030.
According to Volatility Index INDIA VIX reading was 18.04 (Closing basis) which was 1.47% down than yesterday. If we look Today Share Market in Briefs, it looks that volatility is continuing in the market and so the correction is. Along with these, NIFTY MIDCAP, NIFTY SMALLCAP, NIFTY INFRA, NIFTY FMCG, NIFTY IT, NIFTY METAL etc all leading indices have shown weakness.
Share Market HOT NEWS:
Two hot shares of recent time IRCTC & IEX. IEX were corrected today by almost 4% & IRCTC gained 3.13%. KOTAK MAHINDRA & TATA MOTORS were among of the few gainers and HINDALCO and ASIAN PAINTS were among of the bunch of losers for today.
I try to find gem specially in SMALL CAPS and MID CAPS. I believe those companies have more potential than Large caps to grow investments in lesser time. For short term swing trading I am keeping eyes on SNOWMAN and PARAS DEFENCE. Also as of now I recommend Newbies to think twice before investing in any stock for the long term. Wait for stability in market. But if you’re thinking of starting a new SIP then go for it. Because eventually you can average out your investments in long run if market corrects in short term. Though these are my personal views, please consult with your financial advisor before investing.
For yesterday’s market report and latest news click here.
Thank You. If you have any query please comment down below. I shall try to answer that with my little knowledge.
Share Market Suggestions:
For investing in Indian companies, consider opening a Demat Account on UPSTOX It is one of the best discount brokers available in India with minimum charges and maximum exposure. Also Therese a lot of books written on share market, Few are Fun and few are very hard to understand. I am putting here links of three books which I personally prefer for newbies. These are Very easy to understand the process of investments and very motivating. Do check those out.