i Develop Stocks Advisory: Reason for today’s sharp recovery in Nifty

Thursday, September 18, 2008

Reason for today’s sharp recovery in Nifty:

“Central Banks of US., Europe, Japan, UK, Switzerland and Canada join hands to inject more cash into troubled global money markets”

GMT+5:30	Event	Vol.	Actual	Consensus	Previous
Wednesday, Jun 18
11:30	Core Consumer Price Index (YoY)	3	3.5%	3.6%	3.8%
11:30	Consumer Price Index (MoM)	3	0.2%	0.2%	1.2%
11:30	Retail Price Index (MoM)	2	0.2%		1.7%
11:30	Retail Price Index (YoY)	2	4.3%	4.3%	4.5%
14:00	DCLG House Price Index (YoY)	1	3.5%		7.0%	Revised from 6.4%
16:30	MBA Mortgage Applications	1			12.5%
18:00	Building Permits Change	1			-4.0%	Revised from -4.7%
18:00	Housing Starts Change	1			1.6%
18:00	Housing Starts (MoM)	2		1.360M	1.361M
18:00	Building Permits (MoM)	2		1.430M	1.422M	Revised from 1.412M