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Stock markets rallying

Sathish M (Management Accountant) (40581 Points)

06 April 2014

Is the surge in stock market genuine or artificial? Will FII's pull the money out of India once they find there is going to be political uncertainty in the country post the General Elections.

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shikhar (LEARNER ) (1394 Points)
Replied 06 April 2014

Hello....dear..

Our stock market (nifty and sens*x) are around life time HIGH, but u cant belive still many mid cap and small cap are trading around 10 to 20 % up from their 52 weeks lows................i still think their r many stock which are available at cheep price......and fIIs will not stop inflow.

In current circumstances i dont think their will be any political uncertanity, because conditions are too much in favour of BJP(NDA)

Share you one more interesting fact, when ever a economy comes in recovery mode , BANKING sector is the first indicator which start showing positive signals, If you see the bank nifty chat of last one month (or individual charts of BOI, BOB, SBI, PNB,ALB) all are 20% up from their current levels. I am not assuring that our economy is in positive trend but we cant deny that it started showing positive signals.

Thanks