Hello everybody, the heat in Bangalore has not stopped while, the markets have been cooling and heating on and off. Yesterday the RBI Governor announced a cut in Interest rates by .25% however there was no change in Repo rates. The markets went down yesterday as the markets expected a cut in interest rates by 0.5%. But today ie wednesday the sensex recovered by 17 points to 24900 and the nse recovered by 11 points to 7614.Metals stocks shone while Banking stocks receded..The Railway Minister Mr. Suresh Prabhu wants to give connectivity with the hinterland by decentralising the Railways, with a billion passangers a lot of income is expected.A lot of economic activity will take place with the improvement in Railways and decrease in lending rates.If a close observation is made a lot of stocks have gone up, compared to January. Keep on trading and investing.
