Markets soared today the straight 3rd day, this is the first time market is up since, Karnataka elections. The Nse broke the barrier of 10900 up by 94 points, touching 10947, and the BSE was up by 305 points touching 36240.
Markets rose on higher earnings optimism in the June quarter, and as we had mentioned before the improved price support to Kharif crops, also has led to gains. Rains, all over have been good leading to good crop and leading to good income. Thereby, increasing prices of shares. Reliance with a jv with BP, is bidding for the city gas distribution and Reliance rose to 1021. The decreasing tensions of trade war, has boosted market sentiment.
Markets have gone up after a dry spell. Usually markets catch us unawares. It is better to watch markets all the time, to understand it.
