On the last day of November, Indian shares rebounded strongly, as GDP data for the quarter ending September 2009 was better than expected and also because of easing of concerns about debt failure in Dubai. Emerging Markets stocks across the world too rallied as Abu Dhabi announced its intention to support Dubai banks. Investor concerns of the last week, proved to be a small blip, with dollar declining against other leading currencies and commodities rising higher. While realty stocks too rebounded in India, investors will still be cautious about investing in the forthcoming IPOs at current valuations.
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