Day trading guide for Wednesday: On account of strong global cues, bulls continued to beat bears on fourth straight session on Tuesday. NSE Nifty gained 133 points and closed at 18,070 whereas BSE Sensex surged 455 points and finished at 60,571 levels. Nifty Bank index ended 299 points higher at 40,873 mark. Among sectors, metals, banks, capital goods and FMCG indices rose the most while oil & gas and realty indices fell the most. Broad market underperformed with mid-cap and small-cap indices rising 0.24 per cent and 0.32 per cent respectively.
A market economy is an economic system in which the decisions regarding investment, production and distribution are guided by the price signals created by the forces of supply and demand. The major characteristic of a market economy is the existence of factor markets that play a dominant role in they allocation of capital and the factors of production.