Inflation crossed the 12% mark in the week ended July 26. In the previous week it was at 11.98% and a week before that it was at 11.89%. Inflation is a 13 year high as compared to 4.7% in the corresponding period a year ago. Crude gained strenght on the back of fire in the crude pipeline in Turkey. Gold continued its down ward journey for the fourth straight session. FII's offloaded equities worth Rs.223 crores. Gold has dropped Rs. 1620 from its all time high.
Yesterday also Indian brousers gained in the early session, but in the end all the gains were lost. Sensex closed about +30 points and Nifty gained around 3 points. Nifty made a high of 4580, to close at 4520 in the end.
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