STOCK MARKET UPDATES

WONDERFUL DAY FOR THE INDIAN EQUITY MARKET AFTER SEVERAL GOOD NEWS HIT THE DECK. BUT FIRST LETS WHATS ON THE RETAIL FDI COLUMN, CABINET PERMITTED THE FDI FOR RETAIL SECTOR WHICH WAS NOT ACCEPTABLE BY THE RETAILERS AND OTHER PARTIES ON THE FRONT. THERE WAS  A RETAILERS STRIKE FOR THAT AND NOW THEY ARE PLANNING FOR BHARAT BANDH ON THAT. STATES HAVE BEEN GIVEN FULL AUTHORITY FOR IMPLEMENTATION OF THIS RULE OR NOT IN THERE TERRITORIES. ANOTHER GOOD NEWS THAT FINANCE MINISTER IS GOING TO APPROVE 2999 CR FOR THE RECAPITALIZATION WHICH WILL BOOST UP THE HEALTH OF PSU BANKS. EU SUMMIT IS GONNA GIVE GOOD RESULTS AND WHICH CAN LED TO A VERY POSITIVE MARKET ON MONDAY.