Roundup: London +0.95%, Germany +1.13%, France +1.48%. US markets will reopen today.
RBI holds rates at 8%, maintaining its focus on inflation while acknowledging the government’s reform efforts and leaving room for monetary easing early in 2013. (FT, ET) Besides, the RBI scaled down GDP estimates to 5.8% from 6.5%. (ET)
Meanwhile, the Nifty fell through the 5630 support area and closed 67 points lower at 5597.00. Will we see 5,470 soon?
Mutual funds have increased their exposure to rate sensitive financial services, automobiles and construction companies while paring their holdings of energy, engineering and metal companies. (ET)
FIIs are on a buying spree: raising their stakes in 75 top companies by 1.4% to a 6-year high of 21.6% in September. And they seem to know something about [stockquote]KFA[/stockquote] that we don’t. (ET, ET)