12 March 2008 : Indian Stock Markets to see an excellent day today

Expect Indian markets to do very well today on account on global cues. All Asian stock exchanges are trading in the positive and by huge margins. Its good news for all of us. Its all due to the US markets doing pretty well last week. Lets see some of the US market headlines that could be the trigger for the positive sentiment

US dollar comes off lows on Fed action
Channel NewsAsia
NEW YORK : The US dollar hit an all-time low against the euro on Tuesday but later drew support from joint action by the US Federal Reserve and other central banks to restore credit flows in the global financial system.

Oil eases from record high as Fed move boosts dollar
Reuters
LONDON (Reuters) - Oil slipped below record highs of nearly $110 a barrel on Tuesday as the U.S. dollar rallied after the Federal Reserve and other central banks injected liquidity into strained financial markets.

Dollar soars as Fed announces liquidity measures
Reuters:
NEW YORK (Reuters) - The dollar rose sharply on Tuesday after the Federal Reserve announced new measures to inject liquidity into the financial system, easing concern about a deepening credit crisis and a U.S. recession.


Fed again takes steps to boost market liquidity
Reuters
WASHINGTON (Reuters) - The U.S. Federal Reserve said on Tuesday that with pressure mounting again in financial markets, it was expanding a securities lending program and will accept a broader range of securities as collateral.

RK
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