Markets settle lower on profit-booking on Friday, but gains most in six weeks



The benchmark indices on Friday settled lower as investors booked profits in index heavyweights such as ITC and HDFC ahead of a long weekend, but posted their biggest weekly gain in six weeks.

The S&P BSE Sensex ended at 29,918 down 111 points, while the broader Nifty50 closed at 9,304, down 38 points.

In the broader market, the S&P BSE Midcap and S&P BSE Smallcap indices outperformed to gain 0.2% and 0.6%, respectively.

The market breadth, indicating the overall health of the market, turned negative from positive. On BSE, 1,479 shares fell and 1,386 shares rose. A total of 136 shares were unchanged.

Nifty Realty index (down 1.7%) was the leading sectoral loser, led by losses in Prestige (down 4%) and Delta Corp (down 4%) and Indiabulls Real Estate (down 3%).

The Nifty Bank pared entire intraday losses to settle 0.1% higher.

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Reblog: When to sell a stock


It’s better to sell when there is a deterioration in business fundamentals. Here are four triggers:

Most investment writing revolves around telling investors what to buy. But selling a stock at the right time is equally important. Many investors base their sell decisions on stock price moves. They book profits if a stock doubles or trebles.

But this can rob your portfolio of potentially big wealth creators in the long run. Instead, it is better to base your sell decision on fundamental changes in the business itself. Here are four sell triggers that work well in India.

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A week of results of the bellwethers


The week was marked by the announcement of results of IT bellwethers Infosys, TCS and Wipro. And of course, the torch bearer of the market, Reliance.

An action packed week came to an end and we do hope our followers would have made money.

Here are some of the picks from the week that just went by.

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