Markets were up today, the sensex went up by 248 points touching 28446 points and the Nifty was up by 84 points touching 8608 points passing the psychological 8600 mark. The markets were up as the Greek crisis went into the background were the Greek Parliament accepted to end austerity measures like cut in pension and raising of taxes.The narrowing of the trade deficit with the US at US Dollar 10.8 billion against US Dollar 11.7 Billion in the same month previous year has lifted market sentiment.
There is an expectation of a rate cut by the RBI in August with the WPI and CPI coming in line with the June estimates.The quarterly results of TCS has been good which is encouraging for the markets.Internationally also the markets have been positive. The Chinese Markets which were very down seen to have recovered very well because of the steps taken by the Chinese authorities.Pipavav Defence an Anil Ambani group company rallied 3% as they have bagged an order of 3 billion Dollars from Russia to build a warship. The Make in India campaign success story is this one or one of the important ones.The Make in India Campaign will be very good for the Markets in the long run. In the medium to short term the Corporate results are to be seen combined with the International situation. HAPPY TRADING AND INVESTING
