Indian stock market : Now moving in upward trajectory
Most of us are worried about the Indian stock market since its downfall that happened last year in the month of October. This event has badly affected many investors and companies. Many people lost their jobs because of this economic slowdown and we have seen many big organizations going bankrupt. Everyday all of us watch news eagerly to find some signs of recovery. Some signs are witnessed lately which show that Indian economy is heading towards the right track.
Our fears were maximum when the Satyam scandal happened and it has shaken the economy of our nation. After this fiasco, RBI along with the government, have gone very strict with all the banks. We saw several packages given by our government in order to boost the economy. We also saw cut in prices of several products like cement and positive cues by the government in the interim budget helped in accelerating the Indian stock market. The lowering of interest rates by the lenders is a positive thing happening from the lenders' side. The country has already seen a rise in the shares of metal and auto firms and the duty cuts on them is expected to boost sales.
The Indian equity market is also getting firmer because of the gains in global stocks led by the US and it is also due to the action taken by the government in the form of cuts in service tax, excise duty and countervailing duty on imports. Government is also giving several stimulus packages to help our ailing economy. BSE Midcap and Smallcap also moved higher in the recent days. The rate cuts is seen as a major step for the growth of the economy, which is under the shadow of slowdown. Globally things are not as bad as perceived. Indian investors are feeling much better now then in October, 2008.
The stock market is playing a see-saw in the recent days, by giving accelerating and decelerating figures. Stock market updates have experienced BSE at around 8490 points and NSE at around 2700 points. Some sectors that are getting profits are metal and banking counters. The companies that are gaining in Nifty includes NALCO, Mahindra and Mahindra, Tata Motors, Reliance Infrastructure, Cairn India and Suzlon Energy. The companies that loose comprise Ranbaxy Laboratories, DLF, HDFC, Hindustan Unilever, ABB and BPCL.
The Indian stock is positive after a surge in the US also helped in boosting confidence of the investors. Recently, we have also seen a decline in the inflation rate which is a good sign for all of us. The good news for all of us is that DOW has closed positively and all the Asian markets are also doing well. The positive steps taken by our government are helping in the fast recovery from our losses. It can be said that the worst is behind us and now we are moving ahead on the upward trajectory. Before heading towards the elections, government is leaving no stone unturned to fire up the Indian stock market.
Our fears were maximum when the Satyam scandal happened and it has shaken the economy of our nation. After this fiasco, RBI along with the government, have gone very strict with all the banks. We saw several packages given by our government in order to boost the economy. We also saw cut in prices of several products like cement and positive cues by the government in the interim budget helped in accelerating the Indian stock market. The lowering of interest rates by the lenders is a positive thing happening from the lenders' side. The country has already seen a rise in the shares of metal and auto firms and the duty cuts on them is expected to boost sales.
The Indian equity market is also getting firmer because of the gains in global stocks led by the US and it is also due to the action taken by the government in the form of cuts in service tax, excise duty and countervailing duty on imports. Government is also giving several stimulus packages to help our ailing economy. BSE Midcap and Smallcap also moved higher in the recent days. The rate cuts is seen as a major step for the growth of the economy, which is under the shadow of slowdown. Globally things are not as bad as perceived. Indian investors are feeling much better now then in October, 2008.
The stock market is playing a see-saw in the recent days, by giving accelerating and decelerating figures. Stock market updates have experienced BSE at around 8490 points and NSE at around 2700 points. Some sectors that are getting profits are metal and banking counters. The companies that are gaining in Nifty includes NALCO, Mahindra and Mahindra, Tata Motors, Reliance Infrastructure, Cairn India and Suzlon Energy. The companies that loose comprise Ranbaxy Laboratories, DLF, HDFC, Hindustan Unilever, ABB and BPCL.
The Indian stock is positive after a surge in the US also helped in boosting confidence of the investors. Recently, we have also seen a decline in the inflation rate which is a good sign for all of us. The good news for all of us is that DOW has closed positively and all the Asian markets are also doing well. The positive steps taken by our government are helping in the fast recovery from our losses. It can be said that the worst is behind us and now we are moving ahead on the upward trajectory. Before heading towards the elections, government is leaving no stone unturned to fire up the Indian stock market.
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