Market Ends In Green, Given Hopes To Traders

The markets surged after four successive sessions of weakness. The markets lost substantially for the week and the gains on the last day of the trade didn't make much impact on the weekly figure. For the week, the Sensex and Nifty declined by more than 2 per cent. However, the Nifty managed to close above key technical levels and that has given hopes to many investors.

The numbers are following:

• The Sensex down 2.5% and Nifty down 2.4%.
• The CNX Midcap index was down 5.6%,
• BSE Smallcap index down 9.25%,
• BSE OilGas up 0.8%,
• BSE Realty down 7.15%,
• BSE Consumer Good down 2.4%,
• BSE Bankex down 7.5% over the week.

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India, An Economic Power House: IMF

Source: Business Standard

MF Managing Director Dominique Strauss-Kahn today described India as a “leading power” and an “economic powerhouse” going by the performance of the economy.

“Your result here in terms of economic growth and also in terms of inclusive growth are really amazing”, he told reporters after a meeting with Finance Minister Pranab Mukherjee.

“We had a very frutiful discussion and relationship between India and the IMF is expanding”, he said on the meeting with Mukherjee.

“India is becoming one of the leading power in the world. It is really an economic powerhouse”, he said.

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