Build your professional network on facebook via our app Go to app
 
 
 

Do you think correction is over with the positive close of market?

Created by : Esha Johar, Risk Analyst, Irevna  | 02 11 2010 06:29:20 +0000
Industry : Equity Research/AnalyticsFunctional Area : Equities(Markets)
Keywords : correction is over market close positive figure
Activity:  188 views;  last activity : 07 06 2010 20:18:09 +0000

India's economy is picking up momentum and industrial output in December is expected to have climbed an annual 12% The 30-share BSE index closed up 0.67%, or 106.57 points, at 16,042.18, after seesawing in early trade. Nineteen of its components advanced on Friday. Foreign funds have pulled out $1.7 billion over the past 10 sessions, pushing the main index down 8% this year.

Non-ferrous metals producer Sterlite Industries rose 0.7% to 757.55 rupees, as copper prices climbed 1%. Top lender State Bank of India rose 0.8%. In the broader market, gainers outpaced losers in a ratio of 1.2:1 on volume of 341 million shares, less than last week's daily average of 394 million shares.

So users, do you think this recent positive close of the market indicating that the correction is over?

  
 Refer 238
Share
 
 
  Rate : 
 
 
Yes Vs No
4
 
 
 
 
15
4
9
Support   Support
Top Argument
2
0

Ya, one can see a sort of momentum in Indian markets. The practical data provided is also going with the stream. On the other hand, I totally DISAGREE with the comments of Jyoti Rathi. Look It's simple...there are numerous market players present in the market and by pointing out the one's lying on loss tables doesn't sounds practical.

It's a Bulls 'n' Bears run out there, anyhow there'll not be an equilibrium state and the one who is standing on top grounds has to roll down...whether its today or tomorrow.

The question is " Are the Bear market players heading towards that Red Bull". And the answer is yes. It's simply not like that if you'er not watching something...doesn't exists. 

Boss, the lower ground players are also showing full stamina. These all are gearing up Indian Economy.
By Kumar Gaurav Bansal, Engineer-P.E at Denso India Ltd.  02 11 2010 19:56:11 +0000
 
Top Argument
7
1

We shouldn't forget that companies like Infosys is down 5.2% in 2010. TCS have lost nearly 4% of market share this year. Actually, the biggest risk in India is the dependence on foreign capital to fund external deficits. So we can predict that it is certainly going to be a tougher market climate this year as investors come to grips with some of the more normal after-shocks of the financial crisis. So, the market should be range-bound over the next few weeks which means the market correction is still going on and will take time to get over.
By Jyoti Rath, Sr. Associate, Barclays  02 11 2010 06:32:49 +0000
1
0

The retail investors are still waiting on the sidelines. The recovery in the Indian economy is quite apparent. Some volatality and correction may be there upto presentation of budget this year but thereafter market is expected to go into recovery mode except for some temporary reactions to some of the budget proposals.
By Upendra Pratap Singh, Head/VP/GM-R&D, SAIL,Bokaro Steel Plant  | 02 12 2010 11:28:15 +0000
1
0

I support Esha…that our country India less exposed …is because of some stringent policies. So to get back the steady oscillation we need less correction….and probably we are in this band. But sensex is just an expression some times may behave like a bubble….so  +ve  close might be a periodic phenomena.
By subrata ghosh, Research Associate/Analyst, capital iq ( s&p)  | 02 11 2010 11:38:40 +0000
1
1

Because of all this beautiful figures in the stock market and due to all the rise in the sensex, we can very easily say, the present condition of the market is better and its correction is over.
By Esha Johar, Risk Analyst, Irevna  | 02 11 2010 06:29:20 +0000
1
0

Yes i totally agree with what Mr Kumar said, and this can be done only when SEBI will have a shear look over FDI.
By kushal khandeliya, Head/VP/GM -Manufacturing, M.P. Steel Febrication  | 02 12 2010 06:24:55 +0000
2
0

I agree to Jyoti at the bottom line that market should remain range bound and still the correction phase is on. Let's look at the news which came late in the evening last day stating there would be no price hike in petrol and fuel which gave a positive breather today. And to maintain the same inflation figure would be disclosed on Friday when markets will open after 3 days. FII's who invested at the lower levels will come for profit booking and market may take a further dip for a while. Volatility till budget is expected with the weakness in indexes.
By Prassan Kumar Sharma, AVP, Nirmal Bang Securities  | 02 11 2010 22:22:07 +0000
1
0

No correction is not yet over. Market is going to be volatile till Budget

Picture Abhi Baki Hai Mere Dost !! :)
By Veejay Bhatia, Administration Manager / Recruitment Coordinator, French Firm dealing in Oil & Gas, Dubai (UAE)  | 02 11 2010 17:06:47 +0000
1
1

It will go down till middle of march. Actually corporat world have no idea how much fund they have to invest in maket. They are waiting for annual budget. After that comman man open their wallet.


By Chandresh Kumar, Planning Engineer, TEMA INDIA LTD  | 02 11 2010 16:33:34 +0000
1
1

Please wait for another week.
By R.K.MALHOTRA , Investment Advisor, Trainer and motivational speaker, WORKING FREELANCE  | 02 11 2010 13:09:23 +0000
2
0

Esha

I believe the downside is  not really far from over.The global scenario is not stable esp the GIPS countries (Greece,Italy,Portugual and Spain).Any movement in these countries will affect the market.Also the budget is approaching.Hence the markets would be volatile and I expect Nifty to touch 4500 and if that levels breaks it might go down to 4350.All the blue stock chips are hovering around year highs so the market would correct before reaching new heights in the coming months.

 
By Vikas Bhatnagar, Manager Finance, Tata Motors Ltd  | 02 11 2010 11:27:58 +0000
0
0

Well said Jyoti....supporting you
By Nitin M Aras, Head/VP/GM-Tech. Support, ODTIN Food Solutions Pvt Ltd  | 02 11 2010 10:23:50 +0000
1
0

It is only as part of its ups and down, it may change after the presentation of the ensuing budjet.
By RAMANATHA PRABHU N, Chartered Accountant  | 02 11 2010 08:00:18 +0000
Argue for "Yes"
Argue for "No"
 Found the debate "Do you think correction is over with the positive close of market?"  interesting ?  Suggest to your connections and communities  
An Executive Search Firm
Urgent vacancies in VMWare & Wintel Bangalore
Urgent VMWare & Wintel job Bangalore
Urgent VMWare & Wintel opening Bangalore
Viewers also viewed
Think POSITIVE If you think positive then .... ... any sound becomes music ... any move becomes...
 
509 referals 18 comments, 171 views
If you want to get somewhere, you have to know where you want to go and how to get there. Then...
 
490 referals 14 comments, 157 views
more...  
Recent Knowledge (4)
WE HAD A GOOD NUMBER OF INVENTORS WITH GREATER VISION ABOUT THE SOCIETY. INVENTORS HERE NEED NOT...
 
2 referals 2 arguments, 107 views
C vs B
 
0 referals 3 arguments, 51 views
I am associate of prajapati association and i am working for BJP from year 2005 to till date....
 
0 referals 3 arguments, 120 views
more...  
Sponsored Jobs
More From Author
A set of people believe that dreams change and hence buying a dream home just increases the maintenance cost whereas renting one is relatively better option. In today's world where the property rates are increasing like nothing else. Which...
JV needs more dedication and yes sir back stabbing approach kills it all. The end result of a well set JV with values gives more value.
No we are not.. not right now. We are still in recovery stage and this time I do not think the same mistake will be repeated. Having tough time is one thing and going back to recession is totally different, we cannot mix them.
more...