Today
Markets started on a sluggish note in the morning but picked up during late hours of trading due to short covering, because of fall of previous trading sessions. Today markets were up the sensex by 62 points at 27897.89 and the Nifty down by 4 points at 8611. Vijaya Bank net climbed by 34% in q2 leading to a 52 week high. Rolovers were low given the risks that lay ahead next week from US presidential elections and the Fed Reserve rate decision.Markets are nervous due to the dismissal of Mistry the chief of tata board an unprecendented development. One should keep patience due to the latest developments. HAPPY TRADING AND INVESTING.
Today
Markets were down today, the sensex down by 114.7 points or 0.4% at 28106.21, the Nifty down by 34.4 points or 0.4% at 8709.55 The major looser was Midcap index which lost 1% from previous close. Selling emerged in realty, power, IT, Pharma, auto and capital goods stocks.
Weak opening of European markets amid concerns that the ECB may withdraw stimulus also weighed on market sentiments.Asian markets ended higher as the US FED may cut interest rates as data suggested that US economy was gaining momentum. Markets are overall in a healthy phase and seems to be good. The swings we are facing now is a correction which is natural in a Bull market. The fund flow into the market is high and the confidence in India despite the trouble with Pakistan is high. Happy Trading and Investing.