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Economy Fiscally fit?

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Old September 7th, 2008, 10:00 PM
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max de Indiana max de Indiana is offline
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Thumbs up Mkts cheer Nuke-deal; Nifty above 4500

Mkts cheer Nuke-deal; Nifty above 4500

SENSEX 15048.45 564.62
NIFTY 4511.95 159.65
DJIA 11220.96 32.73
NASDAQ 2255.88 -3.16
RS/$ 44.37 0.08

SENSEX FUT 15,110.10 +74.92
Markets have opened with huge gap up and reacted strongly to the news that the 45-nation Nuclear Suppliers Group (NSG) has approved a US plan to engage in nuclear trade with India. US mortgage lenders Fannie Mae and Freddie Mac will be taken over by US government, which is the positive news for Asian sovereign funds as well. Asian markets have responded smartly to this news. Big gainers are power, capital goods, banking, realty, technology and oil stocks.

At 9:56 am, the Sensex went up by 623 points to 15,107 and Nifty surged by 175 points to 4,528.

Among the frontrunners, Reliance Industries, GMR Infrastructure, DLF, HUL, Infosys, BHEL, L&T, ICICI Bank, Unitech, Reliance Infrastructure, NTPC, Reliance Petroleum, SBI, Tata Motors have gained.

Crude oil price is trading at USD 108.97 per barrel, increased by USD 2.68 on the NYMEX. The Indian Rupee has appreciated by 0.40 paise or 0.9% to 44.24 to a dollar.

Asian markets are trading sharply higher after the news of Fannie Mae and Freddie Mac. Nikkei jumped by 3.64%, Hang Seng 3.78%, Straits Times 3.78%, Kospi 4.51%, Taiwan Weighted 5.46% and Jakarta Composite 1.06%.

Market Cues

FIIs net sell $ 98.9 m in equity on Sep 4: SEBI

MFs net buy Rs 134.1 cr in equity on Sep 4: SEBI

NSE F&O Open Int up Rs 1816 cr at Rs 73,502 cr

F&O cues:

FIIs net sell Rs 1857 cr in cash markets (prov)

FIIs net sell Rs 950 cr in F&O

Net sell Rs 633 cr in Nifty futures; sold Rs 1970 cr in last 2 days

Net sell Rs 743 cr in Stock futures; sold Rs 2612 cr expiry till date

Nifty Sep futures trading at 14 points premium as against 8 points premium

Nifty 4000 Put adds 1.9 lakh shares in Open Int

Nifty 4400,4500 Call adds 4 lakh shares in Open Int
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