Wednesday, March 04, 2009

Late hour selling by FIIs in the last hour of trade on Tuesday dragged the Sensex down up to a three and a half month low. Sensex hit a new low of 8390 before closing at 8427. Nifty closed at 2622. both the index lost aaround 2% each. Negative markets, alck od Dollar supplies and overall -ve sntiment in the global markets kept pressure on the Rupee. Rupee crossed the 52 levels. Markets to remain week through out the week. We might see some rally but that will not sustain the selling pressure from the FIIs.

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