Traders seen enjoying the ride on Akruti Nirman. In the opening session Akruti slipped down to Rs1860. and within sometime the stock surged to make a high of 2364 in BSE. Once again Akruti was the one of the top traded counter in the market. Rumours in the market about the stock is that some of the group members are trapped in the short created around 700 levels. and they are still rolling their short positions. So some of the big operators have trapped the group by rigging the share price. There are chances that they may cut their short positions this month. There was around 11 lakh shares shor position created in F&O sector. Punters will soon leave the counter. Just beware of the stocks...... SELLLLL
Our country have not seen the inflation as low as this week inflation rate. Inflation for the week was 0.44% as compared to 2.43% last month. Indian markets will soon witness deflation in the markets and the deep the deflation rate the more for the Indian markets. Deflation occurs when the demand for money goes up and demand for the goods come down. It means the fall in the Inflation no. and the reason is fall in the demand...
Nifyt close for previous day was 2794. We had a very volatile session today. Indian markets had a roller coster ride. Indices sliding to the -ve zone, after the good opening session, but recoverd smartly, back into the +ve zone. Nifty after making a high of 2822 and low near 2771 closed in the green at 2807, marginally above the 2800 levels. Nifty is facing selling pressure at the 2850 levels.
Rupee held on stongly against the dollar. Not only Indian Rupee but most of the global currency's were strong against dollar. Dollar weekend after the announcement by the US Fed, that the US govt will spend $1-trillion to buy govt bonds and mortgage backed securities. Major of the commodities also bounced back. Gold bounced back from the low of $888 last week to $950. Silver have also gone up.....
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