Nifty Tips
The Great parliament Show :-
Market today was facing wacky volatility as the Rajyasabha show was not less than a comedy reality show where FDI turned to be a hulk, supported by the UPA government and multi faced chameleons, who were changing colours every now and then, and once again the citizens proved to be fragile handicapped people, watching this game plan on their televisions. UPA government won the vote on FDI in retail in the Rajya Sabha as well getting 123 votes in its favour. While the UPA got the support of 123 MPs, 109 MPs voted against it and one MP abstained.
Share Market Today 7 Dec :-
Market closed in red but Nifty managed to close above 5900, declaring a satisfactory weekend. BSE benchmark Sensex closed 62.70 points down. Top lender State Bank of India rose 0.16 percent whereas its rivals ICICI Bank and HDFC Bank were down over 0.2 percent. Housing finance company HDFC fell 0.76 percent.
Japan Earthquake :-
On the other big news, The Japan Meteorological Agency has lifted a tsunami warning issued for northeastern Japan after a strong earthquake centred off the coast shook buildings as far away as Tokyo, public broadcaster NHK said.
The quake had a preliminary magnitude of 7.3, the US Geological Survey said. There were no immediate reports of deaths or serious damage.
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