11 March 2008

In an surprise announcement, the Fed said it was expanding a securities lending program and will accept a broader base of securities as collateral, including many mortgage bonds whose value has declined as the housing bubble burst.U.S. stocks rallied on Tuesday, led by financial shares, after the Federal Reserve said it would add up to $200 billion to strained credit markets as part of a coordinated effort with other central banks.
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2 days back we have written that 15600 is last level of sensex and 4605 nifty touched 4620 and sensex showed 15320 and it covered in interday we can see nifty 5100 plus in 2 to 3 days

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