Markets end red admit volatility.
>> Friday, October 10, 2008
Markets melted down as Sensex closed 800 points on the negative points.
We had a very poor IIP data ; Industrial Production is at 1.3 Percent compared to 10.9 Percent year-on-year (YoY).
Inflation numbers gave some relief but the relief didn't last for long.
Inflation comes to at 11.80% v/s 11.99 last week.
More over RBI cuts CRR by 150 bps which will get Rs60,00 cores in the markets adding liquidity.
Stocks which had a major plung were ICIC Bank , I Bulls and many more.
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