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Q.

Sensex improved by over 170 points today. Does it augur well for the market? How long you think this trend will continue?

Tags: money, sensex improved, 170 points
Asked by Good Citizen, 03 Feb '12 04:30 pm
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Answers (6)

 
1.

The sensex is moving up and up despite all the bad news on political fronts . It means between FIIs and Govt there is some sort of understanding or in other words most of the FIIs' money is controlled by the govt . In the normal circumstances the market could have sought lower levels but it is undeterred and showing signs of strength . The trend of the market therefore is determined by these forces and not by what we investors think it should be .But in my view depending on today's judgement in trial court in respect of HM , Chidambaram there could be some reactions in the market .And the sensex may correct l upto 16000 before budget .
Answered by sk singh, 04 Feb '12 09:13 am

 
  
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2.

Market runs on sentiments. If Palaniappan Chidambaram is removed tomorrow, markets may fall on Monday. If not, you may expect the positive momentum going gung-ho.
Answered by Third Eye, 03 Feb '12 04:34 pm

 
  
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3.

I am not sure but we may see a black Monday 6th of Feb.
Answered by Damodar Biswal, 03 Feb '12 04:44 pm

 
  
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4.

Today point gain was due to short selling(intraday) .......... many small investor sell at the intial stage by seeing the last 3days trnd ......... small investors were thinking that all will book the profit and they will make money ....... they need to square off before the trading closed ....... that is the reason there was a gain of 170 points ........
Answered by pradeep mishra, 03 Feb '12 04:35 pm

 
  
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5.

Nice to hear such...!
Answered by Dil Se, 03 Feb '12 06:02 pm

 
  
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6.

Good news
Answered by klm, 03 Feb '12 05:36 pm

 
  
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