Monday, September 8, 2008

Market Outlook – Religare

by Bharat Mudgal 0 comments



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NSG has approved historic waiver for India. ‘It marks the end of decades long isolation from the nuclear mainstream and of technology denial regime’-PM. Though it is a major hurdle crossed, it now needs to pass through the US legislature for full scale celebrations to ensue. But the markets are going to open on an optimistic note, especially the counters that are likely to benefit directly. On the last trading day, the global gloom was reflected on our bourses too as Nifty futures continued its downswing for another day. It opened with a downside gap and moved further down to 4326 before it recovered to close the day with a loss of 89.85 points in a highly choppy session….

 

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Bharat Mudgal
Analyst, stockMode Networks
India
bharatmudgal@stockMode.com

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