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
Thursday, Jun 05
18:00	Unit Labor Costs	2	6.6%	5.7%	5.7%
18:00	Initial Jobless Claims 4-week average	1	235.00K		230.50K	Revised from 230.75K
18:00	Initial Jobless Claims	2	247K	235K	240K
18:00	Continuing Jobless Claims	1	1.904M	1.910M	1.907M	Revised from 1.919M
18:00	Goods and Services Trade Balance	1	$-61.6B	$-94.0B	$-140.5B
19:30	Ivey Purchasing Managers Index	2			52.3
19:30	Ivey Purchasing Managers Index s.a	2		48.3	47.9
20:00	EIA Natural Gas Storage Change	1		111B	101B
21:00	4-Week Bill Auction	1			4.215%
21:30	Fed's Kugler speech	2