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Will the rally continue ?

| Filed under News and Views

The Rally to continue….?

The UPA has done it again the poll verdicts is expected to give a boost with the UPA government and is expected by the stock market to take the results to the positive levels. The economic policies adopted by the UPA is expected to continue and markets take that as a positive signal. The expected growth is at 6% and the foreign funds will continue its course of investment as in the same flow or will invite more funds will come in. The energy seen by the markets lately is mainly due to the incoming funds,The Dalal Street heave a sigh of relief on expectations of a stable Govt. Left is totally out from the picture and they would never be a stumbling block against growth. 

The left has lost its picture and went down from 63 to 24 seats. The double standards adopted by the left parties in Kerala and West Bengal with the Central Government in all cases, has put left into more trouble. There is a good number of traders who is happy with the fact that Left can no longer be a trouble maker with the national policy formations. 

Keeping in mind that the global scene is not very good even as off today there would be more trouble expected, Will the markets keep their run ? As an investor what is your views ?

History By SENSEX

| Filed under Stocks

Backed by the authority of a stable government the stock market benchmark index kissed upper circuit two times in a single day. 

BSE was locked at 14272.62 with at 2099.21 points. with 17.24% rise. Nifty locked at 4308.05 with 636.40 points @ 17.33%. but the turn over was less than Rs 1000 cr inclusive of Cash and F&O.Sensex had opened 10.73 per cent or 1305.97 points higher at 13479.39 points to 12011.10. National Stock Exchange’s Nifty was locked at 4203.30, higher by 14.48 per cent or 531.65 points. 

 

The standalone government was the muscle of today’s show with no other interference from the left parties and other regional parties, for the day to day functioning.  BHEL (32.72%), Larsen & Toubro (29.53%), DLF (25.82%), ICICI Bank (25.30%) and HDFC (23.46%) were the top Sensex gainers.833 stocks were positive on the BSE with 11 declines. The new govt is likely to get its first office by Friday and the budget will be out within 45 days, of resuming office.

 

Have your say about this wonderful day? Did you book your profits? Waiting ?