Markets were up today,with the sensex up by 166 points going to 27895 and the Nifty up by 37 points going to 8398. The Markets seemed to have shrugged off Greek crisis despite the Nation not reaching a settlement.There is an ongoing correction in Chinese markets, as they seem to be overvalued so FIIs might relocate their portfolio to India. Domestic Institutional Investors are outbeating Foreign Investors by buying stocks. Infact with more sales made by Foreigners it has been absorbed by Indians, so the markets are keeping in good health. The world over steel production has declined by 2.1% except India. So, steel stocks have to be watched out.
Today was the last Thursday the end of account, but the markets which were little dull in Morning recovered later and its positive. It is good to be cautious and book profits periodically and enter value stocks at intervals. HAPPY TRADING AND INVESTING.
P.S.Yesterday ie Wednesday article has come today as i was unwell thanks.