INDIAN STOCK MARKETS = AUGUST MONTH STUDY REPORT
TOADY F&O AUGUST SERIES CLOSING DAY LAST
ONE HOUR MADE A BIG DIFFERENCE FOR BULLS TO COVER THE LOST GROUND FROM A LOW 9857
TO 9925, A SERIOUS RISE OF 68 POINTS.
THE SERIES LOST 108 POINTS AND THE BANK NIFTY
LOST 625 POINTS. MONTHLY AVERAGE OF NIFTY 9934 AND BANK NIFTY MONTHLY
AVERAGE 24508. BANK-NIFTY LOST MORE THAN NIFTY.
THIS MONTH THE RESULTS SEASON INFLUENCED IN
STOCK ACTION AND INFY BOARD AND PROMOTORS TUSSLE CAUGHT THE HEADLINES.
PSU BANKS TOOK A SERIOUS BEATING AT LARGE DESPITE
OF THEIR OVERALL IMPROVED ASSET QUALITY, DUE TO WHICH PSU BANKS ARE SUFFERING
FROM RBI’s LATEST DIRECTIONS ON BAD ASSETS THOSE ARE REFERRED TO NCLT.
JULY CLOSING TO AUGUST CLOSING:
PHARMA SECTOR LOST MORE THAN THE REST- DR REDDY
(-22.3%), AJANTHA PHARMA (-15%), GLENMARK (-14.9%), SUN PHARMA (-16.0%), STAR (-16.0%),
BIOCON (-15.5%), LUPIN (-11.1%), CADILA (-7.5%), APOLLO HOSPITALS (-16.5%)
PSU BANKS LOST MOST BANK OF BARODA (-15%) BANK
OF INDIA (-7.25%) UNION BANK (-12.5%) CANARA (-3.75%), PNB (-6.5%) AND SBI (-7.25%).
THE RISE HAS BEEN VERY DECENT IN GEMS&
JEWELLARY, METAL& MINING, OIL AND ENERGY SECTOR ESPECIALLY IN OMCs DEDPITE
OF NIFTY FALL.
HIND PETRO (+33.3%), BPCL (+11.3%), IOC (+23.10%),
CHENNAI PETRO (15.5%), MRPL(+14.85%), PC
JEWELLARIES (+44.5%), TITAN (+16.3%), CESC(+13.10%), CONCOR (+13.3%), VEDL (+10.3%),
TATA STEEL (+10.3%), JSW STEEL (+18.1%),
TATA GLOBAL (+17.5%, RELCAPITAL (+21.75%), UJJIVAN
(+10.5%), LT FINANCE (24.0%), GRASIM (+11.5%), PETRONET (+10.50%),
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