Stock market at historical height before election: BSE's 30-share index Sensex is currently trading at 11,10 AM with a strength of 175 points and trading at 39230. On the other hand, NSE's 50-share index, Nifty is trading close to 347 points with a gain of about 11750. Nifty today created history, creating a new level of 11761. Creating history, Nifty reached new level after 146 sessions. Nifty is trading at a new height after August 28. (Read also – How much will you get after the Supreme Court decision, do check here)
Banking stocks are also seeing good shopping, which led to the bank nifty crossing 30,500. In early business, auto, FMCG, IT, realty and PSU bank stocks are seeing strong buying, while media, metal and pharma stocks are under pressure.
A look at the statistics- According to the figures released by SEBI, foreign investors have made a purchase of Rs 32,371.43 crore in March. In the same month, there was a net purchase of 13,564.57 crores in February. In October 2018, the sale of Rs 29201 crore was sold, in November it was 4934 crore and in December it was sold at Rs 1103 crore.>> Purchase of 32,371.43 crores in March -2019
>> Purchase of 13,564.57 crores in February -2019
>> Purchase of 127.67 crores in January-January
>> Selling of 1103 crores in December -2018
>> Purchase of 4934 crores in November -2018
>> Selling of Rs. 29201 crores in October -2018
Great chance of earning-VK Sharma of HDFC Securities says that United Spirits has been selected in the stock and has been advised to buy from long-term perspective. He believes that in the long term, United Spirits can see a level of Rs 619. (Read also: Paytm will start this new service for the first time! You will get sitting at home to earn more money)
United Spirits, Alcohol Beverage is a giant company. Alcohol Beverage has more than 100 brands. The company's focus on premium segment is high and 66 percent of the premium segment is earning. The company's income is expected to grow 10 percent. The company has reduced debt by 66 percent. The total debt of the company has come down from Rs 8,500 crore to Rs 3,000 crore.
Jackpot Share: Tata Alexey-From the upper level of the year, about 35 percent below the Rs 1490 is trading. There is scary concern about the UK and China's car industry. There is concern about the company's largest client JLR. The company's financial performance has also seen lethargy.Read also: A loss of Rs 7 crore per day to Air India, Pakistan made a big reason
The company works to provide design solutions for product engineering. The company's focus is on auto, media, communication industries. Before correction 20-25x PE was on.
The US-China Trade War is a sign of settlement. Market confidence in Tata Motors is on the rise. JLR has assured good results in the fourth quarter.