The markets have rebounded with small rally in today's session after sharp fall see on Tuesday. The Sensex rose 122 points or 0.9% to close at 13692. Nifty closed at 4161 up 35 points or 0.8%. In the F&O segment roll over were low, Nifty rollover was at 43.2% versus 56% and market wide rollover at 50.4%. Fresh long built is seen in the metal counters.
Global concerns are not yet over even after bailout package announced. There are news that bailout package might be limited and may take longer than expected time to pass. FBI is likely to probe Fannie, Freddie, AIG, Lehman Brothers for possible accounting misstatements. Henry Paulson, the US Treasury Secretary, and Ben Bernanke, the Chairman of the Federal Reserve will be appearing before the House Financial Services Committee.
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