Hello
Thought will update on the latest situation.
Thought will update on the latest situation.
The first thing thats related to finance is related to your petrol/diesel expenses. The union government is thinking of a price hike for petrol and diesel (kerosene and LPG "may" be spared for the time being) and the price hike is going to be atleast of Rs 5-8. This hike was expected early this week but is still pending and can be implemented in the days to come-maybe thursday, June 1 or Friday. So its suggested that you kick start your vehicles and head towards the petrol pumps.
Reference links: http://timesofindia.indiatimes.com/articleshow/1593013.cms and
The second thing is for those who are interested in the stock market and are thinking of buying. In relation to the above stated point about the petrol price hike, it is also known that a rise in petrol and diesel prices could push up inflation, and, consequently, force Reserve Bank of India to raise interest rates. This is bound to force the market to dip further. So in case you are thinking of buying, wait for a day or so..atleast till friday evening or till monday. For those who are thinking of selling, expect the market to take still more time to stabalize to a normal point before you can start booking profits.
Hoping this information is useful to you in some way.
Regards
Kanuj
Disclaimer : This mail contain personnal views expressed by the author with inputs from news articles and have no legal validation.
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