Market for the week ended january 8

Telenor communication a Norway company increases its stack to 74% in Uninor a joint venture with Unitech India and the total investment up to Rs 4113 cr. Inflation rate for the week ended december 26 stood at 4.85 compared to 4.45 last week and the flood inflation ends slightly lower than last week 19.85 and stood at 18.22 percent, however prices in the market remains higher than last weeks price. Market for the week jan 4 to jan 8 increases of 44 points and stood at 5244.75 after reaching 13 months new high of 5310.85 on jan 06 in the coming week the market is expected to bloom high because of bloom in the global markets. In the last five session market increased by 44 points with three upside movement and two downward movement. A leading investment house expects ITC, HUL, Tata tea would be bullish and it will increase upto 14% within a short span of 12 months. There is an expectation of more than 50% growth in Aravind mills as they are going to get projects worth Rs 3000 crore.

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