05-Dec-2008 11:32 AM
Jet Airways surges on inflation fall, Virgin Blue sinks on broker call
Analysis
Jet Airways shares soared 13.2% on 04-Dec-08 as the broader Indian market got a lift from an unexpected fall in the national inflation rate to a seven-month low. This gives the Indian central bank more room to move to stimulate the slowing economy. A 100 basis point cut in interest rates is now broadly expected within the next four weeks.
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