BSE Sensex at new highs: What are market internals suggesting?

New High Low Index takes into account the number of stocks touching new yearly highs and lows on a trading day. The rising index along with the uptrend in Sensex suggests a powerful rally. Continue reading BSE Sensex at new highs: What are market internals suggesting?

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Robust demand for 3D to continue in FY15: Prime Focus

Riken Mehta moneycontrol.com Follow me on Twitter @mehtariken Prime Focus Limited, a leading player in visual graphics and animation reported consolidated net sales of Rs 235.51 crore in the fourth quarter of FY14 over Rs 196.90 crore, a year ago. The company reported net loss of Rs 8.38 crore in this quarter. The profitability was impacted due to an unrealized quarterly loss on foreign exchange and … Continue reading Robust demand for 3D to continue in FY15: Prime Focus

Chart of the day: Cash market turnover is steadily increasing

Riken Mehta Moneycontrol.com Follow me on Twitter @mehtariken May is turning out to be a good month for stock brokers, with daily average cash market turnover (both exchanges combined) touching Rs 25,000 crore. This is the highest in five years, and offers some relief for broking firms, which have been grappling with low volumes for some time now.  While total traded turnover on the bourses (cash … Continue reading Chart of the day: Cash market turnover is steadily increasing

F&O Check: Option buyers book out; IVs halve, premium falls

Riken Mehta  moneycontrol.com  Follow me on Twitter @mehtariken F&O players had geared themselves for volatility on the day of the election results and took heavy positions in the options market mostly on the long side. A trader or investor bullish on a particular index or stock would buy at the money or out of the money calls to cash in on upside in it. Traders bought … Continue reading F&O Check: Option buyers book out; IVs halve, premium falls

What to buy if Narendra Modi comes to power?

Riken Mehta Moneycontrol.com Follow me on Twitter @mehtariken The judgement day is here and market is buzzing with various scenarios and probabilities of how many seats will the Modi led BJP and NDA alliance will be able to get in the Loka Sabha elections 2014. While most exit polls predict the formation of NDA led government with majority, markets will react to final numbers today. Prominent … Continue reading What to buy if Narendra Modi comes to power?

CHART: Gold vs Sensex between last Akshaya Tritiya and now

Riken Mehta moneycontrol.com Follow me on Twitter @mehtariken After outperforming equities a handsome margin in FY13, gold lost much of its ‘safe haven’ sheen last year, and ended up lagging the Sensex. Prospects for the yellow metal, in comparison to equities, do not look too bright this year too. Investors are betting on a global economic recovery later this year. Also, the Fed is expected to … Continue reading CHART: Gold vs Sensex between last Akshaya Tritiya and now

OMG! Only 14 listed Indian cos valued higher than WhatsApp

Riken Mehta & Sagar Salvi How big is the Facebook-Whats App deal? Sample this: Only 14 Indian listed companies are valued more than WhatsApp. These big 14 are: TCS , Reliance , ITC , ONGC , Infosys , Coal India , HDFC Bank , Wipro , Sun Pharma , Tata Motors , HDFC , HUL ,  Bharti Airtel and ICICI Bank. Companies like SBI , … Continue reading OMG! Only 14 listed Indian cos valued higher than WhatsApp

How market-cap of CNX IT stocks moved in last three years

Riken Mehta Follow me on Twitter @mehtariken IT stocks have been on a roll for several months now on renewed optimism in the developed economies of US and UK that will lead to more outsourcing of software contracts to Indian IT companies coupled with rupee depreciation. Let’s analyse how market-cap of CNX IT companies have moved in last three years. Infosys market-cap has surged only 7 … Continue reading How market-cap of CNX IT stocks moved in last three years

The roller-coaster ride of Baltic Dry Index in last 6 months

Riken Mehta Follow me on Twitter @mehtariken Baltic Dry index, a barometer of global trade fell 26 percent this week after the new environmental rules implemented by Colombia. The government halted loading of coal out of the country after US miner Drummond failed to comply with environmental rules. Colombia is world’s fourth largest supplier of thermal coal. Baltic Dry index which indicates the daily charter rate … Continue reading The roller-coaster ride of Baltic Dry Index in last 6 months

How Infosys has moved in earnings seasons

Riken Mehta Follow me on Twitter @mehtariken Check out how Infosys/Infy has moved in earnings seasons Pre-Result rally is rally from start of the month to one day before results Post-Result rally is rally from closing price on result day to end of that month Month Pre-Result Rally Result Day Post-Result Rally Jan-12 2.13% -8.43% 6.09% Apr-12 -4.03% -12.66% 2.48% Jul-12 -1.52% -8.36% -1.65% Oct-12 -0.07% … Continue reading How Infosys has moved in earnings seasons

Cash volumes continue to dip even as indices climb

Riken MehtaFollow me on Twitter @mehtariken Traded turnover in the cash market is a good indicator of retail participation in the stock market. And looking at the steady decline in cash market volumes since 2009, it is evident that retail investors are yet to regain their appetite for equities. F&O turnover on the NSE has jumped two-and-a-half times, but that is cold comfort even to the … Continue reading Cash volumes continue to dip even as indices climb

Recap 2013: How equities, commodities, currencies performed

Riken Mehta Follow me on Twitter @mehtariken  After nearly a six-year wait, Indian equity benchmarks, the BSE 30-share Sensex and the NSE 50-share Nifty broke their record highs this year.  But that’s not it; 2013 saw a number of fresh multi-year record lows/highs both on the macro and investment front. Despite FIIs investing USD 20 billion in 2013, the index returns for FIIs in dollar terms … Continue reading Recap 2013: How equities, commodities, currencies performed

Live Market Commentary: Nifty stuck at 6300; TCS, DLF, SBI, Infy top gainers

Follow me on Twitter @mehtariken3:45 pm Market closing: The market saw a strong performance with support by banks and IT stocks. The Sensex was up 118.99 points at 21193.58, and the Nifty ended at  6313.80 up 34.90 points. About 1374 shares have advanced, 1166 shares declined, and 147 shares are unchanged. BSE IT index jumped 2 percent with Infosys, TCS and Wipro as major gainers. However, … Continue reading Live Market Commentary: Nifty stuck at 6300; TCS, DLF, SBI, Infy top gainers