As expected last week, Indian market gained on sharp decline in commodity prices, esp. that of crude oil, which fell less than $100 a barrel (Brent). Higher than expected decline in inflation for the month of March, 2013 to 5.96 percent also aided higher rate cut expectations in the market, which led to sharp rally… Read More »
At last GOI bite the hard bullet and gave a partial deregulation of diesel which fueled rally in Oil and Gas Sectors where two heavy weight Reliance and ONGC. RIl came up with a spectacular set of number and closed almost 4% up in London exchange. As i always say price have everything in it,… Read More »
Nifty gave then Highest Weekly Close in last 104 weeks,Closing comfortably above the sacrosanct level of 6000.Nifty and Sensex after 4 weeks of consolidation phase, finally gave a breakout .US Fiscal deal gave a booster to Bulls round the globe. As per our last week discussion do not try to second guess the market and… Read More »