US markets open gap-up tonight as $825 billion stimulus package hopes are nearing, the House began a full day of debate on one of the most expensive single bills ever considered by Congress. [Morning update: Huge stimulus bill passes House]European markets ended in positive on Wednesday.
Petroleum Minister Murli Deora squeezed in a proposal before the Cabinet for a cut in petrol prices by Rs 5 a litre, diesel by Rs 2 a litre and cooking gas LPG by Rs 25 a cylinder with effect from Wednesday night.
Nifty on Jan 29, 2009
Nifty to continue journey northwards in line with other markets, good news is that there is no bad news in market. Despite F&O expiry and result season market moved up yesterday. In the RIL chart above RIL raised, but with low volume. Overall volume on Nifty was increased slightly. If the volume increases with every rise of Nifty, then this trend can continue for some more days.
Morning Update:
Asian markets are trading strong, Hangseng opened with huge gap up of +5%
Post Market analysis: After slightly gap-up opening, market moved downwards. I was wrong on up move. After two days of rise, market went down on F&O expiry and profit booking.
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