Markets Today
Markets were down marginally today, the raising of the repo rate by the RBI has effected the Markets in a bit of a negative way. Turkey has raised interest rates to save its currency from dwindling furthur. So,Asian Markets were good. The US Federal Reserve meeting is awaited today. China has put much money into its Central Bank, so the Asian Markets went up. This Chinese development is a very bad step, were we are not seeing original growth out of Trade or Manufacturing. China has become an Economy of keeping US Bonds and excess manufacturing, to keep its prices cheap. Situation all over is bad, the US might start its tapering as feared by all which will in turn effect all over. With elections around the corner in India, there is uncertainity here also, with no concrete policies by the Government. Company profits are ok but, inflation has been a bane in the Economy. Keep Trading keep away from Investments . HAPPY TRADING.
Today
Markets were up today, with the inflation figures coming down. Coal India has given a special dividend of Rs 29/ a share thereby, bringing down the borrowing by the Government by issuing fresh bonds. IT Stocks seem to be doing very well with a lot of work coming their way due to good pricing and being able to take on complicated assignments. But, with the elections around the corner and not so good Factory Production numbers markets seem to be fluctuating. FMCG Stocks also seem to be doing well. The sectors to look out in 2014 are IT, Pharma, Agriculture related companies, fmcg. Happy Trading And Investing.