Sensex got a breather today
Image courtesy Zadeus on Flickr.com
The Indian stock exchanges today got a sound breather. Both BSE and NSE are up today. Thanks to the festive season of Diwali and also the Gujarati New Year. The BSE will be open for muhurat trading tomorrow between 6:15 pm and 7:15 pm IST.
It might be that a lot of people are considering these days as auspicious for investment and hence they are grabbing all the shares that are coming fairly cheap. But, a lot depends these days on the US market and the other world markets. Indian markets simply follow the trend of other markets around the world.
A lot of this is due to panic created among the investors and also the FIIs pulling out the money to balance their investments in other parts of the world. But, there are a lot of individual investors who put a lot of risk behind their investment, in anticipation, by borrowing money to put into the stock market. There are lot of cases of suicides every time there is a major crash in the markets.
Caution is adviced.
