First good thing is that its the beginning of a new month.
All the organizations will come to know the profits/losses for the last month
business.
There are many news which has a impact on the market today.
1.Our Finance minister has declared the growth of our country for the last 3 months,
which is around 7.8%, which was a decent number above expectations.
2.The frustrating Dubai crisis doesnt have much impact on the US and ASIAN markets
since there were no much credits given to Dubai World - Niche in Dubai Real Estate business.And UAE has come up to help the Dubai world..and now the they want to restructure an amount of 25 billion dollar only as against 60 billion dollars a week back...so hopefully there wont be much issues anyway its sure will have impact on Europe.
3.Banks in US are doing good irrespective of the dubai real estate crisis and it contributes to the US stock market raise yesterday.The Chicago based company (institute for SCM) has seen a good growth and as a whole they expect US will be back in the coming months striking back the recession..
4.The net sales during black friday(thanks giving) reached around 41 billion dollars..and on average every US citizen spent around 350 dollars from their pocket..This is quite good signs of the recovery..
With this information and data i guess our market will be going up today atleast by 300 points...
Regards
karthik
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