Today
The sensex was up by 376 points going to 26154 and Nifty was up by 105 points going to 7948. The European and Asian Markets were up. The FII s have been selling so Markets have been in trading range with a downward bias for long. But now before the rate cut markets have been giving a chance to the Bulls and Bears. Yesterday ie the 29th of September Tuesday the RBI has cut the rates ie the repo rate by 50 basis points. That is why the Markets have gone up, loans for vehicles and housing will be cheap that is why housing stocks went up. But, it is not worth buying housing stocks for investment as there is an huge housing inventory which has not been sold.
This cut in rates might give a boost for housing stocks in the short run but certainly not for investments. The general tendency with a rate cut is lending rates will come down. With a cut in lending rates manufacturing might do well as loans are available for plant and machinery.After the rate cuts markets have formed a bullish bias and the FIIs which have been selling might start re entering . It is better to concentrate on stocks rather than the market. HAPPY TRADING AND INVESTING.
Today
Good evening all this being a festive occassion I wish you all a Happy Gowri Ganesha festival. Today Markets went up the sensex by 258 points touching 25964 and the Nifty by 70 points touching 7899. The Markets are up because today ie late in the evening the FED rate will be announced. the expectations are a the fed rates not rising and it will be the same. The Markets are also betting on a rate cut by RBI on September 29th meet.
The Bank and Pharma stocks surged midcaps were down today the markets are reacting to everyday news without a solid base. Funds have deserted the market it is the domestic funds that are supporting the market. Take care and book profits periodically HAPPY INVESTING AND TRADING
Today
Markets were up today the Nifty ended up by 130.35 at 7818.60 and the sensex ended up by 401.71 points at 25719.58. The Indian Markets followed the Asian Markets and went up and India followed it. China is making some efforts to accelerate construction projects and some other measures. The fundamentals seem to have taken a back seat with technicals taking over as of now, the markets fell defying all fundamentals and technicals for sometime. China was or is a worrying factor. Nothing much positive has happened in such a short time in the world. I cant write much now, the best thing is to hold on to your stocks which you have bought pre fall, wait for sometime as market will be range bound. Happy Trading and Investing
Today
Today markets were down, by 242 ponts in the bse at 25453 and nifty by 68 points at 7717 the gains gained earlier have been erased as their is a continuous selling in Bank Nifty, the Foreign Institutions have been selling at a continuous spell and this has led to less funds in the market. The Shah committee report on MAT did cheer the markets initially but was dragged down further by continuous selling. The International situation is bad, so markets have been at a low for a long time. A lot of waiting has to be done before entering the markets and selective trading has to be done. Cautious Trading and Investing is reccommended.

