Markets are up today the sensex by 51 points at 27308 and the Nifty by 18 points at 8435 The markets were volatile due to the US Fed Reserve stating that interest rates will rise quickly. Oil and Gas shares have risen due to the increase in the price of oil. Large Tech, Government run firms , with low debt and high cash is a good bet for investment.
Though the Foreign funds have pulled out of Markets with better expectations of the US Economy with the victory of Trump, markets have managed to stay positive with an inflow of a lot of money into Mutual funds through SIP. Amount of INR 4000 crores are flowing every month through mutual funds. Indian investors are supporting the market, which shows demonetisation is a temporary pain and long term gain.
