Sens*x rallied 350 points higher on Thursday, 50 share index Nifty regained its crucial psychological level of 5900 in trade today. Finance Minister P. Chidambaram said Indian economy to do better in second half of fiscal year.
Indian Rupee moved 1 week higher against US dollar. BSE FMVG index down 41.40% while Auto, Bank, Healthcare, IT, PSU and Technology stock indices gained.
Top Gainers Sesa Sterlite, JPAssociates, Axis Bank, Ambuja Cement, Bank of Baroda.
Its about fluctuation in cmpny's shares..which can go up or
down due to several reasons..fundamental reason should be
companies performance..but many othr factors..generally
investment banks, mutual funds n foreign institutional
investors hold majority of shares in any share mkt..dey can
be promoter to d company..or can simply b investors in d
company..dese wen combined togheter hav strong money power
to buy shares or float dem in d open mkt called sens*x or
nifty..as n wen dese ppl need money or work under dere
strategic plannings dey drive d mkt by bull run(keep on
buyin shares n mkt touches new highs) or can sell shares
called bear phase(mkt touches its low)..for exmple currently
fii's are sellin most of dere stocks in d mkt as dey need
money to survive in dis global economy crisis..due to whch
mkt is gettin down n down..its becoz sellin is much higher
den d new purchase of shares in mkt..DIS IS WHY MKTS
FLUCTUATE..company fundamentals r atlast important but in
long run onli.
CAclubindia
