Recent Happenings

• Sensex hits 200-day EMA levels, where temporary support may be expected

• Indo-US nuclear deal becomes flash-point between Congress and supporting Left.

• US Fed lowers "Discount Rate" by 0.5% to improve liquidity.

• Dow recovers from lower level after Fed move.

• Net sales by FIIs amount to over Rs.7700 crs. in the current fall.

• India's growth slows down to 8.6% in 2007-08 from 9.4% in previous year.

• Income-tax dept. likely to scrutinize returns of top 700 companies.

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