Inflation Falls to 5.91%; Markets still in red

Inflation for the week ended December 27 stood at 5.91% as against 6.38% in previous week. But still, despite the positive news inflow, the markets are trading in red down about 3% as of now. The satyam scam and lack of buying interests have caused markets to trade in red.

Selling pressure is seen in capital goods, metal, telecom and select banking and power stocks. Realty sector is also under great pressure. Satyam is down about 45.68% today as well.