As I mentioned in my last blog, the positive news from Europe and the 430 billion Euro stability package has boosted the market. It never was an intrinsic Indian market problem; all it needed was some positive sentiment from Europe.
Heavyweights like RIL, SBI, Infosys all are quoting high. Also as I mentioned yesterday, low Rupee boosted the tech gains.
Metals have also been into green after being battered heavily for a pst few sessions. This is good news for me as I have exposure to Sesa Goa, SAIL and Sterlite. Hindalco is having a dream rally.
Cairn India is showing a very smart move, I did some averaging and bought more of this stocks on dips last week; but wish I had bought more.
Now it is to bo seen whether the market can hold on to this gain till the end. I believe it will, at least some of it. And this week will be different from the last week.
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