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Dear
Members
Benchmark indices closed on a positive note last week. Sensex
gained 0.4 per cent and closed at 17,644 during the week, while Nifty ended
the week at 5,282 gaining 0.4 per cent over its previous weekends close.
The gains on the markets buoyed by continued liquidity flow and optimistic
on earnings.
Post budget, FIIs have increased investments in the domestic
markets and as on 26th March 2010, they have bought stocks worth
Rs. 12,126 crore. RBI lifted its key short-term borrowing and lending
rates. It raised the repo rate to 5% from 4.75% and reverse repo rate to
3.50% from 3.25% with immediate effect.
Except for RBI & NSDL releasing few circulars, there is
nothing much to report on regulatory front. Request you all to please check
for details on the home page of RAIN website in “Circulars Corner”.
On RAIN front,
With
best regards
V. Ganesh
Chairman – RAIN
www.rainnet.org
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