IRCTC is locked in 5% UC since a week. If its UC limit wasnt 5%, it would have jumped 20% today.
It had many LCs earlier and a sharp fall from 2K to 800 within a month.
IPO in OCT-19 at issue price of 300 something, listing at 700 something and then rising to 2K and falling to 800 in March...
US markets in green.
Indian Markets likely to follow suit? Many times they do, but many times they buck the trend.
When Modi announced 21 day lock-down, everyone predicted a bloodbath next day. Markets behaved exactly opposite. On CNBC TV-18, in the pre-opening session when market was...
We all know that, given our humongous population, poor system & excessive democracy (vote bank politics), India is not (and perhaps will never be) well-equipped to handle such pandemic.
Modi cannot be blamed for population. He can be blamed for poor system to certain extent. He deserves full...
Till mid Feb 2020 , Nifty was 12K, downfall had not started, there was no worldwide panic about corona and few could have predicted that market would start their 30% fall starting end of Feb.
So the "expert" could have given target of 13700 by March 2020 (not March 2021)
Yes. 7.5K is crucial and if Nifty breaches it, it will test (or taste) 7K. At least that's what many "experts" are saying.
I dont think it will breach that level. There may be a little downside from here but Indian markets are going to go up now. May be slow, may be flat, but limited downside.