Stock Markets Today

Almost 1000 points down in a day!! As per a report investors have lost over Rs 2.7 trillion in the last 2 days!!! Almost all the major stocks have corrected in the range of 10-18% from their day's highs. This has mostly been on account of funds selling off on account of uncertainly on political front. Now we can only wait and watch and see what happens tomorrow. Let's hope for the best!

Stock Tip: Neyveli Lignite

This stock looks like a good long term bet. Ashwani Gujral has given a target of Rs 150 for this stock in the short term. Analyst Sudarshan Sukhani is also of the view that this stock should be accumulated on dips and should be kept for long term.

CMP: Rs 133

Stock Markets today

Markets are up today on account of heavy buying seen in sectors like Telecom, Capital goods, oil and gas, reality stocks etc. The markets have not only recovered yesterday’s losses but touched new highs today.

Investment pick: Punj Lloyd

I gave recommendation of Punj Lloyd on 10th of August when the CMP of this stock was around Rs 275. Currently the stock is trading at Rs 390 levels i.e. almost 42% return on investment in 2 months!!!

Now a number of analysts have given a buy rating to this stock including Mr Sudarshan Sukhani. India Infoline has also come out with a buy recommendation on this stock on 15th October.

Sensex at 19K: What to do now??

Who would have believed if somebody said that sensex would close at 19K 4 days ago. But that is exactly what has happened. Sensex closed above 19K today to close at 19058.67!! But what should people like you and me do at this point? Should we invest more in
stock markets at this point or sell or adopt a wait and watch policy. I think it is a good time to take a long and hard look at your portfolio. Stocks that have given you consistent returns need to seperated from the ones that have been rolling just in this bull market. Now the risks are a lot higher so you need to careful and not over invest. I think profit booking to some extent, atleast the trading bets, would be a good idea. Who said stock trading or investment was easy?

Investment guru Marc Faber

Stock Tips: Infosys

I think you can buy Infosys at the current levels (CMP Rs 1929) for a target of Rs 2250-2350. This stock is a good investment option at the current price.