Markets were up today, the talks between the vice premier of China and the US President, later this month lifted the mood of markets. Ashok Leyland, a leading Commercial Vehicle maker posted good results today. Vinod Dasari the M.D. and CEO of Ashok Leyland resigned due to personal reasons. FII sold a lot of shares, and they also have invested in 100 more companies. The sales, and the investment in Equities in last four quarters have increased the rates of stocks.
The crude prices have fallen and the rupee has strenghtened, is one of the reason for market rise. The impending elections in 3 states utttarkhand, were elections are over, Madhya Pradesh and Rajasthan are uncertain for the market. Things dont look smooth, as lot of dilly dallying is taking place like elections, trade wars, rupee slide. The recovery now is only a trading thing or short covering. Overall markets are bearish, money can be made only if one is very sharp to watch out for good stocks.
