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Heady mix: Mkts see new lifetime highs in 3 sessions

Friday, September 21, 2007

The last three days has seen almost all asset classes touching new all-time highs.

In the commodity markets, crude touched a new intraday high of USD 83.90 a barrel today on the New York Mercantile Exchange. However, it could not sustain those gains and closed down 0.38 cents to USD 81.40 per barrel.

Gold too hit a 28-year high on Thursday. Spot gold prices surged to USD 730.25 an once, its highest since January 1980 when it hit a record high of USD 850.

In the forex market, the rupee touched a new nine-year high yesterday. It had appreciated to 39.90 as against Thursday's close of 40.20. The Indian unit has appreciated beyond USD 40 for the first time since May 1998.

The indices too joined the party today. Both the Sensex and Nifty hit their respective all-time highs in today’s intraday trades, the Nifty touched a high of 4,855.70 while the Sensex hit 16,616.84.

Posted by FR at 8:57 PM  

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Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.