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Petrol Price Hike for the Second time in January

By Bhaveek Patel Leave a Comment

India’s leading oil marketing companies (OMC) has hiked the petrol prices by Rs.2.54 from Saturday midnight. This is a second price in the month of January 2011. This price hike will worry the markets participants in short term as price hike will create inflation pressure.

How Will Petrol Prices Affect the Stock Market: Whenever price hike is imposed on petrol, we have seen profit booking in the markets, so we will see the selling pressure in markets in coming days.

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Category: NEWS Tags: NEWS/ Petrol Price

About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

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