5 reasons why stock market rallied over 1000 points in last two days :-
1. Market sentiment was boosted by the government's thrust
oninfrastructure sectors in the Union Budget 2016-17 and its decision to stand
by the fiscal deficit target that it had set for the next fiscal.
2. The talk of a rate cut by the Reserve Bank gained momentum following the government's commitment to the fiscal deficit road map as displayed in the Budget.RBI may go for 0.25% rate cut: HSBC
3. Rupee's rise
against the dollar has also supported the upbeat mood. The rupee added to its
gains by rising 11 paise to a fresh three-week high of 67.74 against the dollar
today on continued selling of the US currency by banks and exporters and a
robust opening in the equity market.
4. Sentiment remained upbeat after the Union Budget provided a higher outlay for infrastructure and farming sectors.
5. European and Asian
stock markets have also risen because fresh stimulus from the Chinese central
bank lifted hopes for the world's number two economy. This has also impacted
the domestic market.
For 2 Days Free Trial, please visit our site
at http://www.capitalheight.com/stock-tips.php or
Call at 0731-6615050, 9993066624.
No comments:
Post a Comment