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10 January 2011
Nifty bleeds: Metals fall
Nifty started the session on a flat note but as the day progressed it slipped further by 70 points from previous closing value, led by sell-off in capital good, metal, auto, banking, power and healthcare stocks.The fall was always on the cards with spiraling inflation and high crude oil prices, says Ajay Srivastava, CEO of Dimensions Consulting. “The government is not responding to high inflation so far,” he adds, “The macroeconomic factors suddenly seem to tell us that it is graying in the horizon and is not brightening up.” For Read more
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