Today stock market in India rise almost 350 point from its day low and nifty manage to settle above 5000 ,now investor looking is market bottomed out or where market to go. everywhere in economist showing strength in Indian economy but crisis start in India through rising inflation a big worry to achieve growth target and hold economy at current level .
First we understand today's recovery where it comes from , a week before Indian rupees trading around 45 and due to strong dollar ( as euro zone crisis emerging ) dollar first time strong against euro help to strength given to dollar against all world currency that why rupees fallen to 48 rs.now and market moov upside in rate sensitive sector is it matter of happiness for India.
i feel stronger rupees slightly favourable for IT but it is very harm full for Indian inflation due to high cost of crude import and its affect comes in inflation and it make chance to RBI to hike rate again.
Already higher interest affect growth of Indian economy as real ste ,loans and manufacturing slowdown .
coming three month is very dangerous for stock market due to crisis in Europe and rest of the world ,America too again go in double dip recession so nothing good news for stock market and again i suggest investor to avoid investment in stockk now Wait for time to come be sited with cash yestates got better chance and better choices of stocks.
First we understand today's recovery where it comes from , a week before Indian rupees trading around 45 and due to strong dollar ( as euro zone crisis emerging ) dollar first time strong against euro help to strength given to dollar against all world currency that why rupees fallen to 48 rs.now and market moov upside in rate sensitive sector is it matter of happiness for India.
i feel stronger rupees slightly favourable for IT but it is very harm full for Indian inflation due to high cost of crude import and its affect comes in inflation and it make chance to RBI to hike rate again.
Already higher interest affect growth of Indian economy as real ste ,loans and manufacturing slowdown .
coming three month is very dangerous for stock market due to crisis in Europe and rest of the world ,America too again go in double dip recession so nothing good news for stock market and again i suggest investor to avoid investment in stockk now Wait for time to come be sited with cash yestates got better chance and better choices of stocks.
No comments:
Post a Comment