The DIJA races to a triple digit gain with only 3 of its component in red. The S&P has recovered all the losses it suffered this year and has now gone positive .It has hit an intra day record and has broken the 1851 ceiling it had earlier. This is despite the fall in the services PMI report which has just come out with a four month low. The poor figure has been again attributed to the poor weather. Well the next months figures should give us a clearer picture as the fall was all due to bad weather or the economy is strong enough.
This up move would augur well for the Asian markets and the Indian markets too as it tracks the S&P closely. We could see an up move in the Indian markets tomorrow especially the NIFTY. Barring some adverse news fro the local markets or that China has some more shocking revelations to make we can see an our markets mirroring the same tomorrow.
This up move would augur well for the Asian markets and the Indian markets too as it tracks the S&P closely. We could see an up move in the Indian markets tomorrow especially the NIFTY. Barring some adverse news fro the local markets or that China has some more shocking revelations to make we can see an our markets mirroring the same tomorrow.