The Central Govt is doing its part on the policy decisions after the May elections. There is a period of more than 6 months where the activity was stalled for want to people mandate as acid test to the rule at the centre.
Now the Govt working economic reforms on phased manner. The petrol hike to curtain the burden is step forward in such initiatives, now the gates were open. A few days back, on Friday evening, announced the increase of diesel price, LPG and Kerosene prices by Rs. 3, 50, 2 respectively.
The RBI has taken a stringent call to curtain the spiraling inflation by rate hike with out effecting the money circulation. Now RBI has left with little choice but to accept the high growth high inflation concept, especially dedicated to emerging countries like India. The current news on stands is allowing FIIs to invest in MF with an upper limit of $10 billion. The green signal in proprietary trading for FDI, is another good sign we are talking about.
The culmination of the effects made buoyancy effect in the stock-markets as the prices are ticking green to touch new highs. The much wanted policy decisions were published to negate pessimism note floating in the markets. The clear sign of relief is good for bulls until and unless the global slide make a catastrophe. The Nifty is good as mentioned in my previous posting…. THE HOPE GENERATED>>>?????? The bulls took charge of the last two days of the week. The FO closing gave good support to push the Nifty to higher levels. The Nifty levels above 5450 level is neutral but the challenge lies a head above 5520 level. The previous support 5460 which has become a platform for bulls now became a line of battle……..
No comments:
Post a Comment