taking stock

A phrase that the Oxford English Dictionary reports was first used in 1736. It means "to make an inventory of the merchandise, furniture, etc., in one's own possession, recording its quantity and present value, or to make a careful estimate of one's position with regard to resources, prospects, or the like."

Thursday, January 11, 2007

Solid Recovery

Today was one weird trading day, the markets opened weak for the 6th consecutive day, when Infy's results didn't quite "match" the market's expectation. But, things turned around after lunch!

Markets recovered with style. In fact my portfolio, could not quite catch up with indices! Buzzing sectors were Oil/Gas, Aviation, IT, FMCG, Auto etc.

The portfolio made a gain of 1.98% (close to the Sensex, which was 2.01% up, but well away from the Nifty, which surged a whopping 2.39%).

Super gainers were Tech Mahindra (5.44%), Reliance Comm (5.00%), ITC (3.71%), TCS (3.42%), Bajaj Hindustan (2.26%), JPFL (2.21%), Bajaj Auto (2.12%). Patel Engg. was the only scrip trading in red, not sure why? In fact there was some good news from it regarding a order worth 143.59 crore it had procured from Brihanmumbai Municipal Corporation Greater Mumbai (BMC), for the construction of a tunnel.

Said Rajesh at 10:40 PM

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