SENSEX and nifty red side, indices in red on further political

Key indices slipped into the red on reports that the Samajwadi Party may withdraw support to the UPA. We know that if elections were held even a few months earlier, we expected them initially in March and now they are held in December which in anybody’s mind would not be a big change. But, that would mean that diesel price hikes will stop after six months because nobody really expects that they will be done the month before and two months before elections