FII’s positive outlook on Indian market is intact.Private Equity investors has increased India’s rating from 8 to 4. SENSEX and Nifty are trading nearly with gain of 0.5% after starting dullnes.
IT, Infra and Bankig shares buying give suport to market. CNX IT index climbed more than 0.75%, while Bank Nifty is traded with gain of 0.3% at Rs 18500.
In many countries stock and real estate prices have been reached higher than fundamental. Banks suppose that market is showing sign of bubble. Many large companies in the world of banking and finance officials have expressed concern about a bubble. HSBC, UBS, BlackRock, Doas Bank and Swiss Re has raised concern in a meeting of top officials.
Today’s active Option calls and puts
Infosys, Reliance Industries, Auro Pharma, Nifty Future.