Thursday, April 17, 2008

Finally - Inflation drops!

Inflation for the week ended April 5 declined to 7.14% as against 7.41% in the earlier week while the market estimated at 7.3%. This was the first weekly decline in Inflation after 8 weeks of rise.

The Sensex rose by 237.01 points or 1.46% to settle at 16481.20, and the Nifty up 71.10 points or 1.45% at 4958.40. The markets have closed the session on a strong note as decline in Inflation numbers boosted the markets sentiments and giving the positive signals to the government measures to control inflation.

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