Market is witnness of weakness in Indian economy
Today’s market is showing that there is no any hope for fast recovering mood. Sensex is going to break 14,000 level in near future. No any sector have good news. Investor are going away from this market. This is sign of weakness in Indian economy. FM should take a step for recover the market in near future. After approval of 6th Pay commission market should be in positive trends. But it seems that market did not like the approval of 6th pay commission report.There is a big question for investors of Indian stock market that, from where Govt. of India full fill the requirement of extra budget for implementation of 6th pay commission report 2008? FM should come in front and give his clarification in this matter. Investors are waiting for statement of FM in which he can justify their planning of arrangement of extra budget for implementation of 6th pay commission report.
Market will be flat.
Market will be in flat situation. Yesterday market has recovered some point from its deep due to short covering in intraday. Sensex could be move between 14,450 to 14,600. Keep eye on TCS. Ranbaxy could be move up after news of get clearance of Ranbaxy-Daiichi deal by The Foreign Investment Promotion Board, or FIPB.