Post Market Commentary – 5th July 2012

Posted By : Kishore B.S

Friends,

 

At opening today markets were flat and did not give any hope to investors but once there was a news of our Foreign Minister discussion with FM of Mauritius with regards to holding talks on August 27-28 to discuss issues of mutual economic interest it gave a boost, at the same time News of FDI in Retail sector did give boost to the markets and markets closed in the positive zone. (Nifty: +24.75, Sensex: +75.86)

However other Asian Markets remained negative or flat, ECB has cut its interest rate with intention to help the euro economy recover with which we can expect markets to be positive tomorrow and we can even expect nifty to reach 5600 levels soon.

The top gainers for the day were IDFC, Cipla, ICICI and the top loosers been Asian Paints, ONGC & Bajaj Auto.

News creeps in that US economy is slowing down and the same can bring down value of US $ with reference to INR..which is good news for common public.

Lets wait and watch whats in for us in markets tomorrow…

(Inputs: Mr. Kishore B.S, Stock Market Institute, Bangalore)

Cheers!!

Team SMI

www.stockmarketinstitute.org

Leave A Comment