After the Congress and Left party decision to take up Indo-US Nuclear Deal issue after the celebration of Dussehra on 22nd Oct, Sensex made history by crossing 18k limit on Tuesday, 9th Oct, 2007. The biggest contributors in this phenomenal rise were Reliance Energy (up 9.59%), Reliance Communications (6.71%), Reliance Industries (4.97%), Maruti Udyog (4.35%) and Grasim Industries (4.25%). Nifty of The National Stock Exchange was 2.79 per cent higher at 5226.75. Foreign funds have pumped in over Rs 17,000 crore in the 1,000-point rally.
Considering Capricorn rising Ascendant, Saturn, Ketu and Venus are conjunct in 8th house. On the other hand, Mars with Ardra nakshatra aspects on Sun. Until benefic Venus leaves Leo sign, this Bull will remain as usual. Besides, there will be minor corrections after Mercury’s retrogression. Aspects and Conjunction of Malefic planets lead this market Bull.
Jupiter will be entering in Sagittarius on 22 November 2008 and this planetary movement may cause high volatility and FII funding in Indian Stock and Commodity markets. Mars in 6th house may attract small investors also by good enthusiasm.
Ganesha wishes all the luck for investors and traders!
Malav A. Bhatt
The Ganeshaspeaks Team