Well finally a temporary relief rally seems to have come into the markets.Sensex gained close to 200 points and and Nifty was up by 65.50 points.With the surging US and Asian markets the Indian share markets gained some good points yesterday.The trend is very much likely to continue today too.In yesterday’s trade in the US markets the Dow rose 416 points or 3.6%.It was its biggest jump since July 29,2002.

This was basically due to Fed promising $200 billion for the ailing markets. And the response too was very good with all major banking stocks gaining ground.Meanwhile Google Inc take over of DoubleClick for $3.1billion also saw its share prices zooming ahead.So overall the US markets were making merry yesterday.

The same is being reflected in the Asian markets today morning.Nikkei 225 is trading up 341 points or 2.7% at this point of time. Both Hang Seng and Straits Times are up 2.68% currently. So with all these news the Indian markets are surely going to be up in a big way today.The major concern now seems to be the surging oil prices which touched an all time high of $109.72/barrel yesterday.

Meanwhile the experts are of the view that REC IPO may be listing at Rs 120-Rs 125 on Mar 12th,2008.Some more good news may

Powered by

Related posts:

  1. Markets Beat Global Cues:Down 189 Points,What Lies Ahead?
  2. IPP Figures For October Boosts Up Market Sentiments,Closes Higher Beating Global Cues.
  3. Pre-Budget Rally:Will We See Something Of This Sort?
  4. Sensex Recovers Partially,Choppy Days Ahead
  5. Markets To Remain RangeBound Amidst Profit Booking
  6. Another 3 Consecutive Days Of Fall:Fed Rate Cut Announced,Will Markets Firm Up Finally?

Enter your email ID and subscribe to get similar articles in your mail

Delivered by FeedBurner