The mood and magic of Indian stock market have always kept business community and players up on their toes with its volatile nature. Many have minted money out of this business of speculation and many others have lost their fortune by a single wrong move. But astrologers at GanehaSpeaks are able to know what is going to happen in the future. Here, GaneshaSpeaks gives you an astrological analysis of yesterday's new high in the sensex.
Yesterday, market opened during Capricorn Ascendant with 05.10 degrees. Moon and Jupiter both were in Mula Nakshatara. Combustion of Mercury
plays a vital role in price and trend change in market as stated in previous article. Mercury is also considered for Bank Sectors. Major bank scripts supported market in achieving new highs. Over and above, during the opening of market, Jupiter and Moon were placed in twelfth house, which indicated foreign holdings and buying as these planets are benefic. Foreign institutional investors (FIIs) bought shares worth net Rs 300.60 crore on Monday, 10 December 2007, compared to their buying of Rs 5.20 crore on Friday, 7 December 2007. For the first time, Nifty closes @ 6097.25 and S&P CNX 500 closes @ 5192.55. But Ganesha sees that market shall reach a new peak but it may have to accept some corrections.
Technical Fact sheet:
FIIs inflow of Rs 300.60 crore on 10 December 2007 was a result of gross purchases of Rs 3128.60 crore and gross sales Rs 2827.90 crore. The 30-share BSE Sensex shed 35.32 points or 0.18% to 19,930.68 on that day.
FII inflow in December 2007 totaled Rs 3823.80 crore (till 10 December 2007). FII inflow in calendar year 2007 totaled Rs 69,731.10 crore (till 10 December 2007).
There are a total of 1,191 FIIs registered with the Securities & Exchange Board of India (Sebi).
Ganesha wishes that the market touches the sky in the days to come.
The Ganeshaspeaks Team