Friday, July 11, 2008
Rising Inflation- Market crashed again
Markets promised so much on Friday morning ahead of Infosys results But high inflation data and other factors pulled market down. Sensex was trading 450 points down at 2:30 PM. Crude oil prices at 144 dollars contributed for big sell off. So, with political uncertainity one should expect further downside. It is a good time to accummulate some good shares for long term. Cairns India is a stock for the future. Another stock is Satyam computers.