A Rare Sight ! Sensex and Nifty up 4% at 1.20 pm without the participation of Heavyweight Reliance !

It’s just around  1.20  pm on this post Manic Monday, Tuesday

NSE has seen a record Spot Cash Market Volume of near Rs 24000 crs…so has BSE where the Spot Volume is near a record Rs 7300 crs….With F & O,the Total Volume is already over Rs One Lakh crore with over two hours yet to go

Sensex is up over 4% to 14888,up 604 points…Nifty is up near 4% to 4489,up 165 points

And Wonder of Wonders ! Reliance Industries which has a 15% +Sensex weightage has not moved up…One of those rare days where the surge in the Indices are lead by Scrips other than Reliance….like Larsen & Toubro,ICICI Bank and BHEL

It’s been a glorious run for Banks,Real Estate and Capital Goods Sectors these past two days…while The IT and Pharma Sectors have reversed today as the Rupee strengthens to Rs 47.50 to the US Dollar

So you don’t really have to rely on Reliance all the time !

2 thoughts on “A Rare Sight ! Sensex and Nifty up 4% at 1.20 pm without the participation of Heavyweight Reliance !

  1. HI GAURAV SIR,

    AS YOU SAID SIR IN TODAYS RUN RELIANCE LEFT OUT OR JUST BEHIND , BUT WE ALL FEEL WE ALL KICK OUT FROM MARKET , AS WE SITTING ON CASH WHERE TO INVEST HIGH BETA STOCK ALREADY SHOWN THERE POWER . WHAT TO DO SIR. BUT I AM STILL BULISH ON NIIT FOR LONG TERM . SIR IS THAT FINE & PLS TELL SOME MAGIC SCRRIPS FROM YOUR PROTFOLIO.

  2. Dear Gautam,

    Like I reiterated in the Lucknow workshop…apply the several concepts…value v/s Price,beta etc…you’ll get the magic in your portfolio…but like I stated don’t expect it to be an Instant Mantra..as Picasso said ” It did not take me three minutes…it took me a lifetime !”….If you’re looking for multibaggers,be sure you are aware of risks involved….a quick way is to look for large companies,quoted under Rs 10 or even Rs 20…there are many stakeholders involved and some plan will come forth to rescue the company…I spoke about MRPL,Essar Oil,IFCI and even Arvind Mills in the past 7/8 years…Look out for some more like them

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