Markets was steady today, the Sensex closed up by 6.44 points at 24492 and the Nifty closed 16 points up at 7437.75 .
The Asian Markets headed higher except for China, US markets ended higher tracking the outcome of the US fed meet. Bank of Japan which is meeting on Friday, to expand stimulus has resulted in Asian markets getting higher.Indian Markets were subdued due to expiry of F&O tomorrow ie Thursday, The Markets have gone a lot down so investors are short covering or shares are available at good valuations. That is why Markets are cheering a bit. At present corporate results are ok and not much of negative news is there. The news effecting India is the China factor. The funds into mutual funds has increased so, markets are doing well.At present it is better to trade and book periodical profits, than investments. If investments are made it should be for a pretty ling term may be for a perspective of more than a year. HAPPY TRADING AND INVESTING.
