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Where would the Market go?

| Filed under Stocks

da 1c 300x135 Where would the Market go?

 

The last three months Sensex has had a dream run, this run has made many investors confused and many off them are feared by the way the market is moving, Analyst predictions are not happening and they are also confused by the way the market behaves. The Indian stock market is driven by sentiments (I’m not sure about other world markets).

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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 ?