The Nifty will test new high in May, though it pared some gains in Friday trades it added on Thursday. The condition valid even the Nifty touches 3978-79, keep long in the telecom, and energy sectors. The govt. offered some sops to cement industry and will likely to announce benefits relating to sugar and real estate. The RBI likely to play its intervention role to keep the Rupee at 41+ level. The volumes also increase considerably in the recent trading sessions.
The positive news is that the MF raised Rs 24,271 crores recently, to make the total to Rs 3,50,440 crores.
Saturday, May 05, 2007
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