WISHING YOU A VERY HAPPY AND A PROSPEROUS NEW YEAR....
On Tuesday Indian markets saw a largest gain in the Mahurat Trading. Sensex rallied nearly 500 points to close above 9000 levels. Nifty closed at 2684. On Monday we saw a sharp recover in the markets. Reliance made a new low below 1000 but saw a sharp recovery. Yesterday in the mahurat trading reality index shot up nearly 10% followed by good rally in metal, power and capital goods. Valuations of the frontline stocks are very attractive. investors should invest nearly 25-30 %. Rupee is having a hard time now. Its trading below 50 per dollar. Crude prices are still not getting firm even after OPEC planned to cut down the production. Gold prices were firm on back of buying due to Dhanteras, but the prices will come off after some weeks.
US markets opened up firm and rallied up sharply nearly 900 points in Dow on back of Fed meeting which is shedule to meet on Thrusday. Traders belive that the Fed will cut rated by .50 basis points.
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