The last week of 2013 was a feel good week all-in-all. The markets continued with their positivity with interspersed downswings only on the back of profit-booking. As the year draws to a close, everybody is looking forward to a new year with a sense of certainty that the worst may possibly be over.
Sunday, 29 December 2013
Tuesday, 24 December 2013
After the state election results were out the Nifty and Sensex reached historic highs (Nifty closed at 6363 after intraday high of 6414 and Sensex closed at 21326 after intraday high of 21483 ) bringing a sense of euphoria in market-watchers but for the seasoned investors, this was just another non-descript day in the market, quick to fade away into distant memory.
Monday, 23 December 2013
The markets started last week on a low note with the hangover of the high CPI which was further aided by the 14-month high WPI figures. It was expected with certainty that the RBI will go for another bout of rate-hikes and this kept the mood in the markets down. But with the RBI keeping a status quo on the interest rates which lifted the moods. This also helped somewhat when the US Fed finally reduced its bond buying signalling the start of the QE taper program.
Thursday, 19 December 2013
It is universally accepted that FDIs increase the employment opportunities and wealth in a country. They provide new technology and capital for investment, which may be helpful for the growth of that country’s economy. FDIs claim several other opportunities that include direct benefit to farmers, reduction in food inflation, and drop in wastage of food.
Saturday, 14 December 2013
The Sensex and Nifty hit historic highs on the first trading day of the week riding on the back of what was percieved as a good outcome of assembly elections. But, the euphoria did not last long and old fears gripped the markets in a bear hug. Data on IIP and CPI released also aided the disappointment.
Friday, 13 December 2013
Recently the Indian markets touched record high levels and the mood in the markets was jubilant. With the Sensex and Nifty near their peaks, there is a wide speculation about the direction the markets will take in the future and what it means for the retail investors.