13 January 2011

351 pts down as bears party

Dalal Street on Thursday after the bear crowd Bulls looked in control to win back tomorrow. Indian standard shorts and profit booking after a combination of short covering rally killed yesterday by an increase. Financial, technology stocks were hit after the disappointing performance of Infosys Q3. Infrastructure with giant Reliance Industries stocks, selling pressure today to close at four months dragged Nifty.
 Nifty by 111.35 points or badly crushed to settle at 5751.90. Deven Choksey, KR Choksey Securities is expected that the market is to maintain strong levels. According to him, the return was never last, because they lack the latest buy. "If we buy the latest taking place on the market, we can not increase market confidence. For more information

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