Thursday, January 3, 2013

Sensex and Nifty Performance in the New Year

It is the beginning of a New Year and investors have great hopes from the year 2013. A positive market upbeat prevailed with both the indices of the Indian bourses, i.e. the Sensex and nifty trending for the third day at a stretch. Thanks to hopes of a rate cut by the RBI later this month plus better than expected quarterly earnings, and US ‘fiscal cliff’ negotiations (problems getting postponed, not solved) benefiting global markets.

As projected by market analysts, the year 2013 would no wonder be full of surprises. The year 2012 saw a 25.7 percent gain in the benchmark index. It is to wait and watch! And you never know what the markets have in store. Amid volatility if the sensex and Nifty are trending today, a downtrend is certain soon. Unless government measures are implemented and interest rates paraphernalia be resolved by the central bank, economical growth would be a far fetched affair.

1 comment:

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