Recent Happenings

· Sensex hits projected level at 70% retracement level.

· IT stocks close positive for the week.

· Sensex tanks 1000 points intra-week after BNP Paribas presses panic button.

· US Fed and European Central Bank infuse billions of dollars to stabilize liquidity.

· Govt puts restriction on external commercial borrowing (ECB).

· US Fed keeps the key rate unchanged at 5.25%. however Fed Reserve gives market a breather, discount rate cut to 5.75 pc

· American Home Mortgage Investment files for Chapter 11.

· NSE launches Infrastructure Index.

· Purvankara IPO scrapes through.

· Maxican Carlos Slim overtakes Bill Gates to become wealthiest person.

· Left parties reject Indo-US Nuclear deal.

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