Markets sky rocketed today,the sensex was up by 438 points going to 25338 while the NSE was up by 138 points going to 7700. The FED Governor Janet Yellen has said that at present the FED will not raise interest rates and might raise it later. The Anti Dumping Duty on steel is extended but still local steel companies will not improve because many steel companies have lot of debt. The market valuations were cheap for long time so prices are moving up now. There is a domestic institution participation in the market, the bad news seems to be fading out both in Europe and India. State Elections are due in April and May which is important for the ruling BJP this development is to be waited and watched. Mr. Vijay Mallya the wilful defaulter has said he will pay Rs 4000 Crores by September out of Rs 9000 crores he has to pay the Banks. This is one of the reason for markets to go up. It is better to book profits periodically. HAPPY TRADING AND INVESTING.
