8.5.13

Sensex snapshot


Contrary to expectations of profit-booking in stocks after RBI’s annual credit policy, benchmark indices hit a three month high, underscoring the fact that robust foreign inflows were driving up markets despite poor economic fundamentals.
Both Sensex and Nifty rose more than a percent each to close at their highest levels since January 31.The Sensex gained 215.31 points or 1.1% at 19888.95 while the Nifty rose 1.2% to 6043.55.
FIIs have so far this year invested Rs.63,847 crore in Indian shares, which is approximately half of the Rs.1.29 lakh crore they invested in 2012.
Analysts said the short-term outlook looked positive but warned that political uncertainty could spoil the party.

No comments: