Indian equity markets opened in the green as per the indication from the SGX, but readily slipped into the red, thanks to some listless trading fervour that seems to be more inclined towards profit-booking for the year end rather than any fresh build-ups.

1. Markets Choppy Due to Profit Booking
Indian equity markets opened in the green as per the
indication from the SGX, but readily slipped into the red,
thanks to some
listless
trading
fervour that seems
to be more inclined
towards
profitbooking for the
year end rather
than any fresh
build-ups!
However, there are pockets of strength in the market,
esp with newsflow around some of these – case in point
is the Railway Sector – post the UPA Govt’s
announcement to pursue FDI within this citadel of the
government, most of the stocks that are present in this
segment – the likes of KALINDEE RAIL, TEXMACO, BEML,
KERNEX etc have been abuzz! Though it is difficult to
correlate any direct benefit to any of these accruing from
a proposal of the government to liberalise the sector

2. since it is early days yet and there would be a lot of
clarifications that would be required before any fervent
buying can be envisaged. The other area of activity
seems to be the mining pack – SSLT and NMDC have
again started attracting some attention from
investors/traders ever since some expectations on the
Karnataka mining ban being lifted have surfaced. The rest
of the market, barring IT and BANKING seems to be
sideways and could continue this way till the resumption
of serious participation by institutional investors in the
new year! Investment management services and
investment strategies have come to hold a lot more
importance, given the present state of volatility. Financial
Planning Advisors, estate planning services providers and
business wealth management providers must make the
most of this situation.
Catch Financial Adviser – Sachin Karpe @
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