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Saturday, September 08, 2007

Hike in interest on bank fixed deposits



  • Sensex on Friday surged by over 197 points. The BSE 30-share index, which had been on an upward march for the last five days, added 196.86 points, or 1.3 per cent to close at 15,318.60, after touching a high of 15,350.91 and a low of 15,131.36 points during intra-day as most of blue chip companies notched up significant gains. Similarly, the wide-based National Stock Exchange index, Nifty, shot up by 51.70
  • The Indian IT Training and Education market, which is currently $656 million, is growing at a CAGR of 64%. However, the Indian IT e-learning market, which is currently $122 million, is growing at a CAGR (Compound annual growth rate) of 73%
  • In spite of political instability injecting bearishness in the stock markets, it could be the right time for players to get into long-term positions.
  • Sensex may crash on Monday 10th sep, as Asian Markets will follow US markets crash, Monday and Tuesday market will start falling and sensex will get support at 14000 levels

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