Indian market was vulnerable today. Sensex and Nifty opened in green. Some instant sensex go above 200 points. But large selling pressure occurred and as a result sensex closed 27 points and nifty closed 8 points below. The main reason I expect for that the investors sell the shares taking small profit. Because there are negative reports on inflation. But Banking sector showed a positive trend. ICICI, AXIS bank, Yes bank etc closed in green. yes bank one of the stocks I advised to buy in the 260 range closed in green. 10 rupees increased for yes bank and closed in 270. In order to increase the liquidity the banks advised RBI to cut the CRR rate. Inflation will be a crucial problem in 2011. The 3 months will be crucial for Indian market. Lets hope for the best
Regards Hari " लोका समस्ता सुखिनो भवन्तु "
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