Time for another round of weekly look at the inflation numbers. Well theres no good news coming as far as inflation is concerned. Inflation for the week ending May 3rd touched 44 months high of 7.83%. The corresponding inflation figures for the last week was 7.61%. So its a clear rise from the last week. Actually the situation is getting worse week after week.

Inflation was 7.93% on 6 November 2004 , since then we never had such high figures to bear with. If it keeps moving at this pace then double digit inflation may be very well within the reach. The Rupee too is touching 42.93 levels against dollar. Well this may be a good news for the export oriented companies like the IT sector. And the trend in the share markets in IT counter is clearly reflecting this. Infosys ,TCS, Wipro and other top tier IT companies stock prices are zooming ahead of the markets.

The crude oil prices also have touched record high of $128/barrel. These figures are going to sustain for a few more months atleast till September. After that we might see it coming down to 6% levels. Meanwhile the share markets took the news positively. It was choppy session on Friday, but the market ended the day in green by gaining 88 points. The intra day calls given out for Saturday fetched 3-8% gains. The best among them were JSW steel,RCom,PNB. So keep visiting for more updates from the world of share markets and much more.

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