loader

Impavid Bulletin

markets

After a troublesome summer in June, July and August both proved positive for the equity market. In August, Nifty Smallcap and Nifty Midcap indices gained 5 per cent and 6 per cent, respectively, for the month.Nifty Energy and Metal were the top sectoral performers gaining over 8 per cent each during the month.

The world’s largest travel retailer China Tourism Group Duty Free Corp. tops the list with its $2.1 billion Hong Kong listing, followed by the two mainland IPOs of Shanghai United Imaging Healthcare Co. and Hygon Information Technology Co.

BEML rose 44.87 per cent for the month to Rs 1,846.50 from Rs 1,274.55 level in June end. Analysts have been positive on the stock as the demerger process has picked up pace and strategic disinvestment is on the cards. Analysts noted that the company’s order book of Rs 9,100 crore provides revenue visibility for the next 2-3 years. JSW Energy soared 43.11 per cent for the month to Rs 341.05 against Rs 238.30 level last month.

Consumption of crude and oil products hasn’t matched expectations in most places in the world which matter,” said Georgi Slavov, global head of fundamental research at London brokers Marex. “Meanwhile, there is still a consistent accumulation of supply along the entire supply chain and the result is this price weakness we’re seeing.

The continent-wide STOXX 600 was up 0.4%, as of 0716 GMT, snapping three consecutive days of losses. But the index was set for a monthly loss of nearly 4%.Rate-sensitive tech stocks, down for three straight days on expectations of aggressive interest rate hikes globally, climbed 2.1%.

Japanese equities tracked Wall Street's third-straight losing session, but gains in U.S. futures limited the decline," said Maki Sawada, a strategist at Nomura Securities. "The impact of better-than-expected factory output data was limited

The best time to sell a stock is just before it starts going down but is it really as simple as this? I’m sure your answer must be a big NO! Why? Because it is difficult to time the turning points and selling a stock is more a function of educated estimation than a decision based on a formula-driven process.

Developed economies began sourcing from China at competitive rates. China emerged as the manufacturing hub for the developed world. India supplied cheap labor through BPO/KPO and IT services, while Ukraine and Russia addressed global energy needs