Actually there is nothing much to say about the markets today. As the market ended flat. Volumes were also pretty low in the markets. Markets men remained on the side. Markets will continue its northward movement. Markets opened up strong, remained in the positive zone for most of the day, but slided to almost flat in the closing session. Sensex at a point was up almost 190 points, but closed merely 21 points up. Nifty as mentioned earlier that it will face resistance at 4448 levels. Nifty made a high of 4438 before closing at 4387. Both the Indices faced resistance at 20DMA.Many companies have lined up for raising up money from the Markets. From where are all these money coming from. Real Estate companies are the major borrowers via FCCB's or QIP's or some other way's. I really dont understand how much money will the borrow. I am sure that the Debt-Equity ratio of the comopanies might have shot up like anything. Will there be any change in the fundamentals??? Next week is the BIG day for the India, as the New UPA Govt will be coming out with the Budget, so these companies are lined up to borrow money before the BIG day arrives. If the Budget is not as per the expectations, then the markets may come down, and the stock prices may fall. So this Week all the companies are lined up..... Watch out for the stocks that have raised money. Kindly do not make any position on those stocks......
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