Markets went up today, the BSE sensex was up by 116 points reaching 29647 and the Nifty was up by 30 points reaching 9174. There is an IPO mela going on in the markets.India Inc might raise inr 35thousand to 40 thousand crores in the Market.
Go Air and SBI Life are the important ones coming in. The derivatives market ended today, being the last Thursday of the month. The pattern is bullish ie stocks might go up. PTC ie Power Trading Corporation went up today to INR 92/ we had purchased the stock at inr 86/ on 17th of February. Monte Carlo we had purchased at inr 400/ on 13th December 2016 it is now inr 411/.
Banks, power stocks, textile stocks are bound to go up as the Economy is improving. An improved economy creates a robust demand for these stocks.Monsoon should not pay truant in the market, otherwise things are looking cheerful. Happy Trading and Investing.
