Crude is heading towards 150$. Today crude hit 142 $ per barrel, life time high. Again the fear of the announcement of the inflation figure was there in the hearts of everyone. Inflation figures wea 11.42% as compared to 11.05% for the last week. It is not too far when the inflation will be in the range of 12-13%. As the major contributor for the high inflation was the mined articles which rose by whopping 3.6%. Primary articles rose by 0.2%, Fuel power and energy rose by 0.1% manufacturing rose by 0.6%.
In the current week again the bears took the bulls on the roller coaster ride. Sensex opened in the negative zone, down 600 points to make a low of 13760. Nifty closed at 4136 after making low of 4119. Recent low of the Sensex and the Nifty have been tested. Recent low of the Sensex was at 13731 and Nifty at 4093 levels. This is not the first time i have told, to stay away from the Banking and the Real Estate stocks. These sectors are really having a bad time on the brousers. Both sectors were the best performing sectors in the downward movement.
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