The Nifty Rebounds

President Bush merely gave a statement when Indian markets had closed for trading yesterday. It was taken to suggest that the risk of escalation of hostilities had diminished and our markets remained high throughout the day and closed up by 1.58%. But there is fly in the ointment, markets may have been up due to short covering and not on account of follow up buying besides the volume was very low too. This indicates that the markets will show downward bias during the trading hours tomorrow.

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