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» Current Poll
Is Nuclear Deal Suitable For Indian Growth?
Yes, It is needed as we are way behind many countries in terms of using nuclear energy for socio-economic use - 80.00%
12 Votes
No, as it will increase unemployement and halt the economic growth - 0%
0 Votes
No, Left advocates the true and clear vision about the progressive India - 0%
0 Votes
Can't Say. But It shouldn't be at the cost of Inflation or affect Indian economy - 20.00%
3 Votes
Total Votes: 15
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Old 13th April 2008, 01:26 AM
sujandesai sujandesai is offline
 
Join Date: Nov 2007
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A good week with full of events...


Friday was an an important day on account of coming out of inflation figures and IIP. The inflation of 7.41 % is the highest we have seen for the past three year, and makets at first reacted on the down side but soon recoverd lost grounds after the anouncement of IIP figures which were higher than before and this helped markets to gain further and it closed on positive and after a long time we didnt see any panic selling at higher levels. Bank stocks remained subdued for the expecation of possiblity of CRR hike which would ttighten liqulidity and affects banks profitability.

Going forward market may break from the narrow range it has been trading for the past few days . If the breakout happens in up direction we may test water.

Till then have a nice weekend ahead and wishing you all best wishes for ' Navratras'.
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