>> Sunday, March 1, 2009
Last week we saw markets were firm. Gave some positive returns in the week.
The Government announced a 2% cut in service tax rates to 10% and reduced excise duty from 10% to 8%.
A huge decline in GDP from 8.9% to 5.3% , this was one of the major cause of concern.
Inflation now stands at a 14-month low of 3.36% for the week ended 14 February 2009. Expectations that the RBI would cut interest rates further to support faltering growth.
What would the one thing be HOT this week is the Reliance Ind and RPL merger ?
Sectors to watch out this week.
Oil N Gas
Stocks to watch out for -
Happy Investing !
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