- Created: Monday, 01 September 2014 18:03
Nifty closed at 8027.70 adding 73.35 points that expanding at 0.92 percent marking lifetime high after recording intra-day highest at 8035. Sensex accumulated 26,867.55 points growing at 0.86 percent after making fresh high in the day at 26900 points.
Research Director at CapitalVia Global Research Limited, Vivek Gupta commented on the market changes on September 1, 2014:
“Finally Nifty has crossed the level of 8000 today for which the markets were waiting for since long.
It’s always best to go with the trend in the markets because if something you have to believe on or you got to stay with is the current trend of the market. If everyone thought that the market just had an election rally and it would not sustain and those who are still skeptical on current rise of the markets may have to change their way of thinking before it’s too late. During a bull market, even any big bad news doesn’t have any major impact on the markets.
Investors those holding positions in market should hold their positions. In monthly charts Spot Nifty had a breakout from an ascending triangle when it crossed the levels of 6357.10 which as per technical rules have minimum targets of 8180 and the rise can continue. Investors should try to take maximum from these bull markets and trail their positions. Capital Good stocks like Bhel and steel sector big giant SAIL still may have lot to offer to investors. Investors should keep investing and better be stock specific in their selections and focus on stocks and sectors which have not caught up to the rally till now.
Any correction right now should not be anticipated as end of the market rally, rather it should be anticipated as an opportunity to invest.”
As stock market indices marked new life time highs again especially Nifty which crossed 8000 level, economists updated Indian economy's growth from 5 percent to 6 percent in the financial year 2014-15. According to various analysts prediction of GDP of India in the current year is hovering around 5.5 percent.
Indian markets are booming which is generally considered the best time to invest before the markets fall into depression, recession and awaiting boost.
The country is growing in almost all the sectors despite challenges like lower rains which implied rise in price of food.
As a revival in the economy is trending up, researchers analyzed the targeted segments and best possible deals to retain maximum profits from the share market trading.
Infrastructure, finance, gas and oil stocks are among the top green chips for investors.
Stocks of infrastructure companies are ready to ride the bulls as FDI (Foreign Direct Investment) in defense stocks rose to 49 percent from 26 percent promoting high growth in the sector.
Railways are running fast as automatic route allows rails to raise 100 percent investments through FDI which is a positive cue for India where demand for new rail lines is growing everyday.
Infrastructure growth made a nine month highest record in June growing at 7.3 percent over 2.3 percent in May.
Though infra stocks are surging investors must consider the company carefully they are investing in since, many companies are drowning the sea of debt.
Financial stocks grow in direct proportion to economic growth therefore, an economic robust growth means widening shares and great opportunities for investors to buy shares for future profits. Housing finance especially goes up during an economic revival as the demand for loans rises.
Since international price of crude is falling, public sector units which are importing oil and gas for meeting the demand of the country are surging on controlled growth.
Some of the major factors affecting the market of good stock companies like BPCL include deregulation of prices of diesel and stability in Indian currency, i.e. INR.
Indian is entering the growing phase, it is the perfect time to invest and gain from the best stock picks.