We almost missed our weekly deadline to report that Fuel inflation remained sticky at 15.17% and Food inflation above 10% as the week's numberrs continued India's inflation woes into festive season. But we were not the only ones with Festive credit ( see report) offtake gladdening many a bank between Sept 23 and Oct 7 with NBFCs acting as a good bridge as also direct consumer retail jumps at banks. 

Bank results led by marquee HDFC Bank and the up and comers in Indusind rallied on great showing in India's Ganesha - Navratras quarter as we track into the Diwali Christmas Holiday quarter with the world more or less used to the crises in Europe and the scare from China

Gaddafi's death should gladden many a punters esp after a horrendous mid week crisis of our own in  the markets, another bon weekend message from the traders on NSE and BSE HFC norms got so much attention after a long time as the differences between NBFC and bank remain a highlight of new market turnarounds for 2011-12 

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