Rally

For 3 consecutive trading days, BSE Sensex posted a 200+ point rally. In terms of percentages, it is at least 1.2% every day. This kind of rally might turn out to be dangerous.

The important factors to watch (especially when in India) are the increasing gold price ($1060+ an ounce) and falling dollar price. That means the gold price is relatively stable, but may skyrocket of dollar strenthens.

Published
Categorized as Economy

By Raju Alluri

Blogging on my personal site since 2006, I try to cover both personal and work related events and thoughts in this blog. You can reach me on Instagram, Facebook or Twitter.

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