Positive cues drive up Sensex
The Financial Express, July 16, 2009, Page 1
The Sensex surged for the second day on Wednesday on strong local and global cues. The advancing monsoon, renewed reform signals from the government and hopes of robust earnings by American banks buoyed the stock market.
The Sensex gained 399.54 points or 2.88% at14,253.24 points. The Nifty closed thedayat4,233.50points, up2.97 % or122.10points. Overseas, a better than expected earnings from Goldman Sachs triggered a strong rally in the global markets. All the key Asian equity indices extended their gain by 1 % to 3.5 %. Back home, the finance minister's announcement on Tuesday after market hours that the government would return to fiscal prudence and not monetise debt allayed market concerns about India's growing fiscal deficit.
The Financial Express, July 16, 2009, Page 1
The Sensex surged for the second day on Wednesday on strong local and global cues. The advancing monsoon, renewed reform signals from the government and hopes of robust earnings by American banks buoyed the stock market.
The Sensex gained 399.54 points or 2.88% at14,253.24 points. The Nifty closed thedayat4,233.50points, up2.97 % or122.10points. Overseas, a better than expected earnings from Goldman Sachs triggered a strong rally in the global markets. All the key Asian equity indices extended their gain by 1 % to 3.5 %. Back home, the finance minister's announcement on Tuesday after market hours that the government would return to fiscal prudence and not monetise debt allayed market concerns about India's growing fiscal deficit.
Posts
No comments:
Post a Comment