BARAK OBAMA elected 44th President. IT stocks will be a cautious thing to be played with. As Obama is not in favour of out source. And one of the major sector that has been outsourced to India is IT, and the Rupee also bounced back US stocks raliied up. Us markets have closed above 3% each. SGX Nifty trading at 3230 levels.
Yesterday Rupee bounced back sharply from its recent low. Bank rate cuts on the card. Experts see Oil price rate cut also.