Sensex closed at 15358 on December 30, 2011. A person who purchased some stocks at this rate will get excited about how much money he has made on stocks in just one month. :-)
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| Sensex in January. Courtesy moneycontrol.com |
On 31st January Sensex closed at 17193. About 1835 points up in just one month. Approximately 13 percent rally so far.
BSE 500 index witnessed a gain of 13.2 percent. Top gainers from this include
IVRCL - 79% gain
Hindustan copper - 67% gain
Lanco Infratech - 60% gain
Reliance Infra - 57% gain
In Sensex however, the top gainers were from the Tata club. Tat motors closed January with a return of 37 percent. Tata Steel ended with 35 percent gain.
But about 50 percent of the 1700 point gain of the Sensex was contributed by ICICI Bank, L&T, RIL and HDFC.
I regret that I did not bought any of these shares in December when they were trading at discount rates. :-( But I purchased Yes Bank Ltd and that gave me about 30 percent return in just one month. :-)
The slowing inflation rates, better than expected Q3 results, Hints given by RBI for a rate cut, 50bps CRR cut to manage liquidity constraints, Above average IIP numbers etc. made huge fund inflow from FIIs into the Indian Stock market.
According to BSE, the net fund inflow from FIIs into the Indian market totalled Rs.8, 816 crore till January 30.
DIIs were net sellers pulling out an amount of Rs.6, 495 crore. Retail investors too have been net sellers.
There is a chance for a Bullish rally, which will be triggered most probably in the first half of the calender year.
Regards Hari " लोका समस्ता सुखिनो भवन्तु "
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