It is winter month in Bangalore but its like summer with no cold. But the summer for Markets is good with the index and Nifty rising today.The sensex rose by 230 points to 27010 and the Nifty rose by 71 points to 8179.Many factors are responsible for the rise of the Market. All the Asian Markets are in the green, with poor Economic data from USA it is doubtful if interest rates will be raised,which is very good for stocks.
The rupee has been strong against the US dollar by 22 p s at Rs. 64/82 per dollar.Stocks like Tata Motors rose by 8% after JLR sales in China rose by 3%. It is better to have Tata Motors only for trading but not for investments.As, Automobile stocks are a bit confused with contradictory opinion from different quarters. Adani rose by 14% after the Australian Environment Ministry reissued clearance to the Companys mega US $7bn Carmichael Coal mine and Rail project. The results of many companies this quarter have been good so it looks like the Markets will go up.
Bihar Elections have to be watched as a victory in Bihar to the ruling BJP at the Centre will enable it to get more Rajya Sabha seats, the upper House of Parliament so that the intending reforms can be carried through.It is better to book profits periodically with some stocks, with good Investment stocks it is better to trade and build up your holdings. HAPPY TRADING AND INVESTMENT.
