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Indian share market today took a respectable close and ended with moderate gains. Today the best performer was reality sector. BSE Sensex bounced back again with 200 points up and gained momentum. The most highlighted chapter of the market today was Greek issue. All eyes were on European market and as a result Greek shares tanked up to 5%. It has adversely effected the German market. The Greek government has lost majority ahead of the confidence vote. The ruling party lawmaker has called on for the Greek PM's resignation.
Another important stock news for market was Reserve Bank of India eased rules for foreign institutional investment in bonds issued by infrastructure companies by reducing the lock-in period to one year from three years. This is POSITIVE for Indian Rupee.
Share market trend tomorrow is considered to be volatile as Greek issue will mark its presence over the world economy and not only the Europe but also the Indian market will be effected by this. As per as world market is considered then European shares may face some down trend but BUY ON DIPS strategy may work for it. Market breadth for tomorrow is considered to be choppy. Traders and investors are advised to play safe with strategy and tips
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