BULLISH SENSEX………HOW MUCH???

The Indian market is having the good strong both fundamental and technical sentiments…it will help the market to remain on its bullish trend for long time……as the large amount of foreign investment coming in sub-continental secondary equity market, the main reason for which can be said to be the reducing interest rate of Federal Bank, appreciation of Indian Rupee and the recent.

Real Estate crisis in US which has a direct effect on its Economy etc. There has been no strong effect seen in the market of SEBI’s recent guideline on P-Note. No panic seen in the both foreign and domestic investors. SEBI’s new revised guideline though having some positive effects on the foreign inflows as some of SEBI’s new rules enabled the easy entry to new individual foreign investors.

Sectors like IT & Pharmaceuticals are the largest sector which have seen strong bearish trend during this bullish market sentiment as the maximum amount of income of these industries come through exports and there foreign business which is been largely effected by the appreciating rupee which had the direct effect of the industries income and profits. Other sectors which have been under performing in this market are Sugar, Infrastructure etc.

Sectors which have performed strongly are Power, Oil, Fertilizer & Chemicals, Energy, Capital Goods, Cement, Natural Resources and Steel etc. These sectors contributing largely towards the growing market and country’s Economy.

What we can say is that though there can be some correction in the near future in the market but it will not lead the market towards bearish trend it will only be short term correction all and all the market is seems to be very strong heavy investment coming up in the market and is having strong fundamental and technical sentiments.