Web Analytics Business News This Week Sensex closes above 10k as inflation eases | Business News This Week

Dec 18, 2008

Sensex closes above 10k as inflation eases

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Inflation rate has come down to 6.84 per cent from 8 per cent. Its a good time for the economy and the stock market, as today sensex closes at 10 thousand marks, according to media reports.

BSE benchmark surged 361.14 points or 3.72 per cent to end at 10,076.43. The index touched an intra-day high of 10,110.34 and a low of 9633.04. National Stock Exchange’s Nifty closed the day at 3059.50, up 3.56 per cent or 105.15 points.

The inflation has been a big concern for the economy. Earlier, it was at around 13 per cent. But the drop is significant on Thursday. The low inflation rate can be termed as seven months low. Quite relief for the people and the economy. The government has recently declared the price cut and the global crude price is also decreasing of late.


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