NEW YEAR, NEW ENTHUSIASM AND HOPE FOR NEW HEIGHTS

After the announcement of Lok Sabha and along with it assembly elections of five states, the faltering stock market is now expecting excitement and heights from the new financial year. From the first day of the financial year starting this Monday itself, it is believed that the market trend will be positive and the index will start moving towards new heights from its current level.

If we talk about the strength of the Indian economy, there is no doubt that the government is determined to make India the third economic power in the world and efforts are being made in this direction and results are also coming. This single reason will become the focal point of bullishness in the times to come and the foreign institutional investors who are staying away from the Indian stock markets will definitely return to the market, albeit at expensive prices, but considering the future prospects.

However, investors should always keep in mind that with every rise in the market comes profit making and investors should not miss the opportunity to make profits instead of building a marriage-like relationship with their invested shares. The period of decline in the market in the initial weeks of last month has only strengthened the market, experts also believe that barring exceptions, there is a hidden rise behind every decline, in such a situation investors have confidence in their selected investments.

There has been an improving trend in the Indian stock markets again last week. According to the data, last week the BSE index improved by 819.41 points and closed at 73651.35, while the NSE Nifty index also increased by 230.15 points and closed at 22326.90.

The special thing is that the midcap and smallcap indices also kept pace with the basic index, but their improvement was comparatively more, which is pointing towards the future of this sector.

Talking about the bullion market, this week gold prices improved by Rs 1700 per 10 grams, while silver prices increased by Rs 500 per kg and the price of gold was Rs 69,500 per ten grams and silver was Rs 76,600 per kg. Traders say that bullion business is expected to improve this week also.

Regarding the market trend this week, traders say that companies with strong fundamentals are safer from the point of view of long-term investment, but investors should also invest in these in pieces, so that if there is a decline in the market due to any reason, new investment can be made.

According to the choice of businessmen, from the point of view of new investment, Reliance Industries, Tata Motors, Adani Ports, Ambuja Cement, Jio Finance, JK Tyres, Hindustan Aeronautics, BHEL etc. can be considered as safe investments, but in this financial year it also it is believed that this time the growth in the stock market index will not be equal to last year’s 30 percent, but the increase in the prices of a particular share can be anything. Bharti Hexacom Ltd. is in the main board this week and its IPO will be available to investors. This IPO of the company is the first of the financial year and the largest of this calendar year.

(This is the personal opinion of the author. The author, his family members and acquaintances may have investments in the companies mentioned in the article.)

Vimal Kothari Associate Editor, First India News & Senior Journalist