Indian markets surged above psychological resistance levels as positive cues from the across Asia boosted sentiments. All the sectoral indices were in the green led by gains in metals, IT and realty space. ( Watch )
“A good start to an action-packed week will at least save you the Monday blues. Asian markets are all smiling with the Nikkei 225 up nearly 3 per cent. The Railway Budget, Economic Survey and Union Budget and F&O expiry will see the bulls and bears have a slug-fest especially later this week. Besides the Q3 GDP figures later this week, the report of the 13th Finance Commission will also be closely watched.
A lot of economic reports are due from the US this week, including numbers on housing and revision in third quarter GDP.
Shree Renuka Sugars would be in action. It has entered into definitive agreements with Grupo Equipav S.A. of Brazil to buy a 50.8% stake in it for Rs15.30bn. Late last year, Shree Renuka had purchased another company in Brazil, Vale Do Ivai, for Rs11.10bn.
While the prudent strategy would be to wait till the budget before committing a large portion of your money, there is always room to enter and exit the usual suspects who spiral around budget time. Exercise extreme caution though,” said India Infoline report.
Source : http://economictimes.indiatimes.com/Market-News/Sensex-surges-above-16400-metals-IT-realty-up/articleshow/5601745.cms
“A good start to an action-packed week will at least save you the Monday blues. Asian markets are all smiling with the Nikkei 225 up nearly 3 per cent. The Railway Budget, Economic Survey and Union Budget and F&O expiry will see the bulls and bears have a slug-fest especially later this week. Besides the Q3 GDP figures later this week, the report of the 13th Finance Commission will also be closely watched.
A lot of economic reports are due from the US this week, including numbers on housing and revision in third quarter GDP.
Shree Renuka Sugars would be in action. It has entered into definitive agreements with Grupo Equipav S.A. of Brazil to buy a 50.8% stake in it for Rs15.30bn. Late last year, Shree Renuka had purchased another company in Brazil, Vale Do Ivai, for Rs11.10bn.
While the prudent strategy would be to wait till the budget before committing a large portion of your money, there is always room to enter and exit the usual suspects who spiral around budget time. Exercise extreme caution though,” said India Infoline report.
Source : http://economictimes.indiatimes.com/Market-News/Sensex-surges-above-16400-metals-IT-realty-up/articleshow/5601745.cms
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