Tuesday, December 11, 2007

Nifty closes above 6000 !








Nifty closed above 6000 for the first time. Sensex is at 20230 ! As we said earlier, the dollar inflows to India are likely to continue and one doesnt have to panic about subprime woes in the US.

Realtex is up and the realty companies, Unitech, GMR Infra, Shobha, Parsvanath are all doing well. Bankex also. Tech stocks are hit by the rising rupee.

We will come to know today about the Fed rate cut. Let us hope that the Dow and Sensex will not moving southward

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