Share Market and India – September 24th, 2012
Share Market and India – September 24th, 2012
- There may be some good movement in Petroleum and Aviation-Transport -Vehicle (agriculture) related share.
- Possibility of some profit booking in share market but power sector may be in safe side
- Movement in insurance sector is possible.
- Be careful in aviation shares.
- Shortly some more scams or scandals may come to lime light.
- Possibility of some move or policy related to public distribution system (food) and power sector (by government). Sugar etc. prices may go up shortly.
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Categories: Daily Predictions- India
On 25-9-2012, Dy. Chief Minister has resigned from his position (post). This is due to charges and scam in department of irrigation. Court decision is also not in favor. CAG inquiry started today.
Our prediction was some scam exposure is expected. Two days back, it was also predicted that court decision will be important.
Regarding Share Market prediction for today was Profit Booking
Market is closed at Sensex (-) 0.42% and Nifty (-) 21.55%
Regarding Vehicle (agriculture segment) good movement was predicted. Mahindra & Mahindra (+) 3.55%, Escorts 0.55%.
Power sector PFC (Power finance Corporation (+) 5.5%