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March 18, 2024
- ➢ Market Grapevine has its that SEBI is likely to come out with new norms in the interest of retail investors
- sometime in April, May to curb artificial manipulation of astronomical oversubscription of SME IPOs.
- ➢ Astrologically, March 18, 22, 26 & 28 are important turning dates followed by April 1,8,11,18,23 & 25 in 2024.
- ➢ As per a market grapevine this is a pre decided fall that killed retail investors those who had cash were afraid
- to invest while those who had courage to buy in 5-7 parts did not had the cash. This is the story every time. The
- policy makers should, therefore, make policies to prevent such bubbles at the very initial stages because steps
- taken after an astronomical rise of 300-500-700-1000 % rise ultimately destroys the capital of the retail investors
- ➢ As per market veteran 25th March will be a market holiday for Holi so only 8 trading sessions are left in March
- 2024, which is the last month of FY24 and will witness NAV boosting exercise by mutual funds. A stock that was
- at Rs. 81 in March 2023 zoomed to a high of Rs. 264 in Feb 2024, which is the story in most stock. So, one should
- spot and add shares in 5-7 parts only on conviction.
- ➢ As per market veteran growth oriented and investor friendly mid-caps, small caps and micro caps should be
- accumulated in parts because of the strong fundamentals, low P/E on the back of their expansion diversification
- plans in FY25. Avoid stocks whose earning do not justify their prices and are merely rise because of the trend in
- the sector or on future projections.
- ➢ Market Veterans opines that the stock market is like the Mahabharat Chakravyuh – very simple to enter but very
- few new know how to exit like Abhimanyu. Till Feb 3000-3500 stock were going up mostly without any
- fundamentals and purely by manipulation and false stories but after the SEBI mandated stress-test on all small
- cap, mid cap, mutual funds, only one third of them qualify to be worth investing. They may bounce back in the next
- 5-7 weeks from their lows in March 2024.
- ➢ LTIMindtree to invest $12.3 mn with Saudi Aramco arm to form JV for IT services in MENA region.
- ➢ India’s Forex reserves jump 2-year high of $633 billion, which will help RBI to curb excess volatility in the Forex
- market.
- ➢ SEBIs approves trial run of same day stock settlement in 25 stocks with select brokers. This is a precursor to the
- T+0 settlement envisaged by the regulator.
- ➢ RBL Bank to get Paytm offline point-of-sale (POS) machines, which may double it monthly POS sales to Rs.10,000
- cr.
