March 5, 2011
Market outlook in short term
Markets have surged up like a rocket after union budget announcement. Budget is neutral so there is no specific reason why market should surge like this. Markets rose for second consecutive days with Sensex closing at 18446.50 up by 623.10 and Nifty closed at 5522.30 up by 189.05 points. Stock markets witnesses a spectacular rally and auto along with banking stocks were the hottest picks. This is the highest single day gain in last two years. But still most of the analyst are skeptical about this rally and suggest caution.
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