Indian Market closed on lower note despite the early gains seen on back of easing P-Notes restriction and 50 BPS cut in CRR ( Cash Reserve Ratio ) the proportion of deposit that banks must keep with RBI as a security measure to 8.5% from current 9%. This step will pump Rs20000 crores in system and is sufficient to liquidate the system for some month. The Benchmark index BSE 30 share SENSEX closed in RED at 11,695.24 shedding 106.46 points  or 0.90% while the broader exchange NSE Nifty shuts its shop on positive side with a modest gain of 4.25 points or 0.12% at 3606.60 after hitting a high of 3732.65 and low of 3537.00. BSE Midcap and Smallcap index fell over 2% each in day session. Asian stocks fell on concern surging credit costs will deepen a global slowdown. Shares pared losses after an Australian interest-rate cut spurred speculation more central banks will follow.European Market were closed mixed. London and Paris stock exchange closed on Positive Side.  Currencies - Rupee touched a new 70 month low of 48.15 / USD and finally closed at 47.92 against dollar.

 There was a mixed bag on BSE Sectorial index, Oil & Gas and PSU sector index gained 1.3% and 0.8% respectively, while Capital Goods and IT index was on downwards with lossing 4% and 3% respectively. It was ONGC who was holding Nifty and with its help it finanlly managed to close on Positive side. Sensex laggerds were LT and TCS both were down about 7% and Sparking stock on Sensex was Ranbaxy and NTPC both were up by 3.9% and 4.3% respectively.

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