Brazil has come out with a decent set of numbers , their retail sales on MOM has risen by 0.4 percent and the retail sales on a yoy basis by 6.2 %.The Markets have risen today by 0.7 percent in early trade. This is another emerging market which has been doing well recently.The funds which have been parking at our door step and not related to the election drama will certainly divert their resources to that market .This will bring down the FiI involvement in our market though they have been buying continuously.More profit booking can be expected soon even as early as Friday.