Markets ended comfortably above the dotted line to close the day above that 10,000 level for the Sensex. The BSE-Sensex closed higher by almost 350 points. The NSE-Nifty was up around 100 points. Stocks from the mid-cap and small-cap indices also ended in the green. Realty and banking stocks led the pack of gainers on the bourses. Rupee closed at 46.94 against the US dollar. As regards global markets, while the Asian markets closed firm, the European markets too are trading in the green currently.
Inflation came down to 6.84% for the week ended 6 December 2008 from 8% a week ago. Inflation, which touched a peak of 12.91% in August, has fallen for the sixth straight week mainly on account of fall in crude prices in the international market. The crude prices have dipped to about US$ 40 per barrel from a high of US$ 147 per barrel in July 2008.
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