Back again after a long time
Markets have been in Blue for 6th concecutive day. This is a clear indiacation of new bulliesh phase in the market.
Today blue chips witnessed a surge in the latter part of trading as short covering in the futures & options segment triggered rebound on the bourses in the latter part of the trading session today.
The 30-share BSE Sensex jumped 73 points or 1.1% to 6,670.78 - its highest level in more than two months since mid-March 2005.
The midcap index managed to close above 3000 levels. 3000 now seams to be a good resistance level for midcap space.
After a good earning session the next trigger for the market is monsoon. The weather office has forecast this year's monsoon rains, crucial for the economy, to be normal at 98% of the long-period average.
Today blue chips witnessed a surge in the latter part of trading as short covering in the futures & options segment triggered rebound on the bourses in the latter part of the trading session today.
The 30-share BSE Sensex jumped 73 points or 1.1% to 6,670.78 - its highest level in more than two months since mid-March 2005.
The midcap index managed to close above 3000 levels. 3000 now seams to be a good resistance level for midcap space.
After a good earning session the next trigger for the market is monsoon. The weather office has forecast this year's monsoon rains, crucial for the economy, to be normal at 98% of the long-period average.
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