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Indian Stock market saw highest gain in Single day
posted by arvindkatoch1 (48) 11 months ago (www.thoughtsofanordinaryman.com)
Today, Indian stock market rose by around 893 points, which is the highest jump by the stock market in a single day. Stock market finally closed at 19,987 with 4.69% gain. NSE also saw push of 242 points during the day and closed at 5937 points.
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On 29th Feb 2008 budget was declared. It was expected to be in favor of middle class people . As in budget all loan of farmers were waived off, its a Positive news for farmer which can give rise to agro based industries too.
Overall budget was good for everyone.
Now with time USA is coming out of the jinx of sub prime and recession and we have already witnessed some good movement in US market too. Recent fall in Indian stock market was due to Overbought Nifty, USA recession margin pressure and panic.
Now Nifty is in consolidation phase. Once consolidation is over we will see major rally in the stock market.
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Hi Everyone.
Your blog is nice and informative. We think your visitors will like this posting.
We all know that Indian stock market has become volatile now a days. One day its going up and another day its coming down. So we all should like to know what is the reason for it.
Well We say its the game of FII how they direct the market. They have huge money with them they can direct any share as per there needs and requirement. Now its a alarming time.
We suggest you to be very much beware now as year closing of FII is on the cards. There year closing is based on year to year basis. So many will try to invest more money and rest will try to take there profit back home. In this scenario its best to follow market trend and work with small quantity. Just wait and watch. Visit our website www.shareinfoline.com