Germany's benchmark DAX 30 stock-market index hit its highest level ever above 8900. It is close to cross 9000 mark.
It has made previous high at 8200 in 2007-08.
It is noticeable that at a time when most of European economies and global economy is far far from rosy type of shape, the Western equity markets are making new highs.
While economies such as China which is growing constantly have poor performing market. The Shanghai Composite Index of China made 6000+ level high in 2008 but crased to 1500 and since then trading around 2000 levels and only tried to reach as long as 3500 only. However, thanks to the index management of NSE and BSE guys, and the devaluation of rupee and the blessings of FII money SENSEX and NIFTY has been able to remain close to their lifetime highs for most of the last 5 and a half years.
Now it is to be seen that in next few weeks, weather Indian markets are able to sing its bullish tune alongside the global markets and at least make a new high and sustain it, save the 'new bull market' rant for now.
YOU CAN READ 'WILL NIFTY MAKE A NEW HIGH OR NOT? CAN IT GO TO 6414, 7300 AND THEN 10000 LEVELS?' BELOW
http://meghainvestments.blogspot.in/2013/10/nifty-50-can-it-do-it-this-time-nifty.html
It has made previous high at 8200 in 2007-08.
It is noticeable that at a time when most of European economies and global economy is far far from rosy type of shape, the Western equity markets are making new highs.
While economies such as China which is growing constantly have poor performing market. The Shanghai Composite Index of China made 6000+ level high in 2008 but crased to 1500 and since then trading around 2000 levels and only tried to reach as long as 3500 only. However, thanks to the index management of NSE and BSE guys, and the devaluation of rupee and the blessings of FII money SENSEX and NIFTY has been able to remain close to their lifetime highs for most of the last 5 and a half years.
Now it is to be seen that in next few weeks, weather Indian markets are able to sing its bullish tune alongside the global markets and at least make a new high and sustain it, save the 'new bull market' rant for now.
YOU CAN READ 'WILL NIFTY MAKE A NEW HIGH OR NOT? CAN IT GO TO 6414, 7300 AND THEN 10000 LEVELS?' BELOW
http://meghainvestments.blogspot.in/2013/10/nifty-50-can-it-do-it-this-time-nifty.html
