Good Evening everyone its raining in Bangalore making it difficult to go home with a creaky Infrastructure. Markets were good today with the rise in 30 share bse index by 146.15 points rising to 26832.66 and the 50 share Nifty rising by 44.25 points to 8091.55.
It has been more of a relief rally which had been depressed for a long time.The Government has notified hike in import duty of steel products which led to a rally in steel shares from 2 to 7%.The workers of Tata Steel in UK have proposed to call off their strike to rework the pension plan which led to, its rise. The US Federal Reserve is meeting today to discuss the Rate hike, which is expected not to happen. The Markets all over the world are focusing on the Federal Reserve. The markets are behaving technically there is no good reason to go up or down.But, it is better to stay alert as there are a lot of buying opportunities. HAPPY TRADING AND INVESTING.
