The markets are fairly doing well today. The number suggests by the end of the afternoon the Sensex has reached 231 marks and has expected to be around 300 with the signs of bull if the recovery from the last one hour is possible. It will be interesting to see the development in the next half period of the day. The top gainers are IT, FMCG, Banks, and Auto. The 60 percent increase suggests the steady relative growth from other days while making the top companies capitalize more from it.
While the nifty has also grown by 0.54 percent compared to yesterday. What the latest charts are suggesting the likes of HCL tech, Eicher Motors, Wipro, Infosys Bajaj Auto, Hindalco are top gainers. While TCS, Adani ports, JSW steel, ONGC, SBI are the top losers.
There is a slight possibility that the market will end up being volatile and can touch the 400-450 mark. Till 300-350 covers large-capitalization so it can be held, anything below this will be a sell. With the news coming very positive about KKR investing in Reliance it is expected to catch the eyes of investors and might end very positive for Reliance which will subsequently help nifty and Sensex.
It is the second last week of the month so a chunk of investor show interest in foreign stocks as the Indian stocks hold capacity being still large in the market is not very positive to be tested on the supply sides, so huge money is expected in the last week of this month, but before that any highs or lows in the coming days expected it will be interesting to suggest the market can touch bear because of the monsoon but the trend will be difficult to break as nifty can touch 11,225 and Sensex at least 38,700 claiming volatility in this week of the market.
