Market Today

So today the markets have performed very well and ending in green.It went northwards in the last one hour of the trade. It was due to short covering in the F&O section which started yesterday.Though the RBI has hiked the CRR & Repo rate by 50 basis points it had no effect on the market. The CRR rate is one which the banks gives a slice of customers deposit
set aside as cash to the central bank and the repo rate is the rate at which the banks borrow from the RBI.

When the markets opened to trade they had a sharp fall but then they recovered slowly.Both the indices were down
Nifty was below 4100 and Sensex was below 14000 and traded at 4093.20 and 13,731.54 respectively as these were the
day's low point for both the indices.But again due to some buying in markets the market recovered from day's low
and reached the day's single day high and reached at 4262.55[Nifty] and 14,248.65[Sensex].
But finally they settled 4252.65, up 61.55 points or 1.47% for NIFTY and 14,220.07,
up 113.49 points or for the SENSEX.

GLOBAL MARKETS TODAY:

Asian markets did good job today Nikkei and Jakarta ended high today
Shanghai Composite was up 3.64%
Hang Seng 0.8%
Straits Times 0.83%
Kospi 0.4%
Taiwan Weighted 1.5%
while Nikkei down -0.14%
Jakarta Composite -1.02%.

European Markets: were trading in green;
FTSE 100 was up 0.3%, CAC 1% and DAX 0.4%.

As the Advance:Decline ratio was on negative side or you can say there was not much diference between them it was like
for every 7 stocks advanced,5 shares declined [7:5].

So today each and every sector did very well and ended in green.The major players were Reliance Industries,
Reliance Comm, Bharti Airtel, Tata Steel, BHEL, TCS, DLF and ONGC.Today every single sector performed well and gave good returns. We hope this may continue and let the BULLS continue the rally.