The positive sentiments created in the market have been well reflected in the form of higher openings of the Indian stocks, led by advances in banks and realty stocks. However, not every sector is equally blessed. The FMCG (Fast Moving Consumer Goods) and consumer durables opened quite lower. This brings us face-to-face with the fact that the current market conditions are not having an equal impact on all the sectors. While some sectors that of realty, IT, banking, Telecom, and few more are enjoying a positive phase in the ongoing market conditions, others are not having a good time as far as their stocks are concerned. In such a scenario, it becomes very important for the investors to keep a tab on the market developments. This will give them an opportunity to switch from under-performing stocks to those that have been showing good signs for the future. A knowledge of the out-performing sectors is crucial at this point of time to make your investments profitable.
The Bombay Stock Exchange climbed 126 points and closed at 8905.37 on Wednesday. The National Stock Exchange benchmark Nifty also closed at 2749, registering a rise of 28 points. One of the sectors that has been performing quite well on this front is the Telecom sector. This is evident from the 2.5% rise in the shares of Bharti Airtel. Not only this, there has been a whopping 15% rise in the net profit of the Telecom sector for the October-December quarter over the immediately preceding quarter. So, if you are looking for an out-performing sector, Telecom is right there to take a place in your portfolio.
The US stocks have also jumped on Wednesday with the Dow Jones Industrial Average up by 3.51% and the Nasdaq Composite Index by 4.60%. The IT sector is in the limelight for the moment following positive earnings reported by IBM. Like India, all other Asian stock markets are keeping their eyes on the Wall Street. With the new US government all geared up to announce optimistic policies to curb the financial crisis, the whole world is waiting for the global recession to end.
Its true that situation of the global recession is recover slowly from the first day of this present years. And India have also taken good point for it such as interest rate cuts and petrol price cuts. So, Under this condition Investor are defiantly feel well.
Comment by Amresh singh — January 28, 2009 @ 11:44 am