Global markets look positive as US market finished near session high with S&P setting a record close and the nasdaq ending at its best level since november 2000.the sharp rise in US markets was mainly driven by energy and technology sector.House sales data released in US also boosted the market and also did italy's formation of new government ending hopes of certainity and framing new policies to promote growth in the euro zones third largest economy.Indian markets also rose by 208.62 points reaching an level of 19596.12 as HUL made an fire in the market.also,sterlite industries net profit rosed to 51% on forex gain and stock nearly rose by 2.5%.we are expecting a more positive outlook for the indian markets as today CCEA is likely to take up an issue of IKEA's investment proposal for RS.10,500 crores.moreover fiscal deficit numbers for the fiscal 2012-13 is likely to come better than 5.2% of GDP presented in the budget.also look out for the output from eight crucial sectors a lead indicator for industrial production which would be released today.
Stay invested in the markets as they are always going to give long term benefits.
Sources:The Economic Times , Money Control
Edited By: Jinal.H.Fofalia
Business Head - Asian Commodity
Stay invested in the markets as they are always going to give long term benefits.
Sources:The Economic Times , Money Control
Edited By: Jinal.H.Fofalia
Business Head - Asian Commodity
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