Using your phone's internet browser
go to:  qna.rediff.com
Click and drag this link to
the Home icon in your browser.
Q.

It was a sluggish day for the market that ended weak. Is the market at the higher end of the range? Your views?

Asked by Good Citizen, 30 Mar '10 04:04 pm
  Invite a friend  |  
  Save  |  
 Earn 10 points for answering
Answer this question  Earn 10 points for answering    
4000 characters remaining  
  
    
Keep me signed inNew User? Sign up

Answers (3)

1.

Yes, the markets are near the top end of the range & a correction seems inevitable soon!!
Answered by dharamender nebhnani, 30 Mar '10 09:54 pm

 
  
Report abuse
Useful
 (2)
Not Useful
 (0)
Your vote on this answer has already been received
 
2.

It is not a question of sluggishness but a lack of direction - how much should it go up now or shoud it wait till the results come up, which in turn means the markets have to kept sideways till such time. Then there is so much of talk in the financial market about the RBI Policy announcement on April 20th, that will lay down the fiscal path ahead, and which may also see the interest rates being hiked - that directly affects the banking, Realty, Infrastructure and Auto sector mainly and every body else because any interest hike makes capital expenditure more costly with the borrowing costs going up.

The market remained in a subdued mode till later part of the day, when all of a sudden they started hammering SBI, RIL and a renewed beating up of Infosys - substantially to shake the market and bring it down by 225 pts down at one stage on the Sensex.

There are no sparkling news. The Rupee going up vis-a-vis Dollar, if it continues will affect all the IT coys apart from the export or ...more
Answered by Omega, 30 Mar '10 08:01 pm

 
  
Report abuse
Useful
 (3)
Not Useful
 (0)
Your vote on this answer has already been received
3.

It will be like that till monsoon I guess- Already the mkt is at 2 yr high- All Mutual funds will buy to show jacked up NAV for yr endin g31--03-10 hence this is happening- Despite the mkt down shares liek Tata Motors were holding firm So only mediumto long term investors shud buy now or after some 500 pt correction-
Answered by SriniVenkat, 30 Mar '10 04:21 pm

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received

Ask a Question

Get answers from the community

600 characters remaining

Related Answer

Q.
A

Who says MNCs are superior to Indian companies?The 1990s have been a liberating decade for many Indian companies. Who would have thought till then tha..more

Answered by Swamy