Thursday, December 11, 2008

Inflation for week-ended November 29 is at 8% versus 8.4% (WoW). Yesterday global markets were also good. In the morning Indian markets also opened up strong but immediately after the opening Nifty and Sensex both were trading in red. Todays session was very volatile. We did see a sharp movements in the frontline stocks like RIL, SBI, Infosys. In the closing session markets recovered on the news of additional stimulus package for the Indian Economy. Fall in the crude price have really helped in the GDP of India. US job less claims hits a 26 year high. Jobless claims for the week ended Dec 6, was 5,73,000.

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