Hello all, the summer in Bangalore is controllable due to continuous rains. The weather seems to have cooled a bit.Markets were good today the BSE sensex was up by 318 points at 34663 and the Nifty was up by 83 points at 10513. Exact reasons for the market to go up are not there. I personally think it is because of the continuous fall for a week. Buying emerges sporadically when there is a continuous fall.One has to be careful to take positions when there is a rise like this.
The recovery was good but many small and mid cap were in the same mode. The recovery was mainly in IT stocks, as they constitute a major portion of sensex the market looked good. General interest in the market seems to be not there. There is a comment that, shares are overpriced and with many elections around the corner, markets look dull.
