Thursday, April 29, 2010

Sensex is up again after yesterday's crash

After more than 300 points crash yesterday, Sensex is in up move again. This is somewhat expected though; yesterday's fall was triggered mostly by negative global cues and Greece worries. These things are not expected to have any long term impact on the Indian share market as such.

At this point, the market is 80 points up which Cairn India and Sterlite Industries as top gainers.
I bought some Cairn yesterday, which is already up by some 3%. So I am happy. But wish I had bought some Sterlite, too!

On the down side, I got impatient with Ajanta Pharma, and sold it yesterday at 201, only to see it going up to Rs. 210 later in the day ! Wish I waited a bit longer. The problem is I never feel confident about these little known stocks.

This is quite different from stocks like Sesa Goa, which I have immense faith (and exposure) on and do not mind that it had been battered badly in past few days. I am always confident it will bounce back and look at any dip as a buying opportunity

No comments:

Post a Comment