Wednesday, May 20, 2009

==>> Finally some correction on the way


Indices closed lower around 1.50% each. Markets immediately after the opening, slide down in to the red zone. Nifty closed at 4270 after touching and intra day low of 4244.70. Sensex breached 14000 levels, made a low of 13976 down by 241 points and finally closed at 14060. Except some of the of the frontline stocks, major of the stocks were down. RIL was down nearly 6%, Bharti, Bhel, ICICI Bank, HDFC, DLF, Infosys were also down. But the case was pretty different with the other groups. Bulls were njoining there ride.

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