Intraday Stock Market Trend 1 June :- My Dear visitor’s, today 31st May Nifty hits two weeks high amidst a strong up ward rally. Since Yesterday, FII’s and some DII’s actively started participating in the Indian Stocks Markets for probable two reasons: (1) Strong positive global cues. for your information, European Markets today 31st May moved sharply upward amid speculation that the European Union could provide additional aid for greece, while Asian Markets also rallied well on strong manufacturing data from Japan. (2) The annual monsoon rains hit kerala two days earlier than expected, boosting prospects for a harvest that could spur asia’s third largest economy. The India Meteorological Department (IMD) has predicted the Southwest monsoon 2011 to be 98 percent normal of the long period average with a model error of plus/minus 5 percent. IMD has also indicated that there is very low probability for the season rainfall to be deficient or excess. Good rains would help ease food inflation and boost rural income.
