The market closed on a positive note with sensex @ 18275 (up 231) and Nifty @ 5476 (up 63).
Almost all shares participated in the up move. Notable exception was Tata Motors - which after announcing a not a bad result - went down by over 6% on analysts downgrades as well as the muted guidance given by the management for the next quarter.
Inflation is still up , the price increase in Diesel & LPG expected in the next 10 days and RBI likely to increase rate once again in June by .25%. So the move would be temporary - and one can invest now only for a very short term -say a week or so.
Almost all shares participated in the up move. Notable exception was Tata Motors - which after announcing a not a bad result - went down by over 6% on analysts downgrades as well as the muted guidance given by the management for the next quarter.
Inflation is still up , the price increase in Diesel & LPG expected in the next 10 days and RBI likely to increase rate once again in June by .25%. So the move would be temporary - and one can invest now only for a very short term -say a week or so.
No comments:
Post a Comment