Positive outlook drives Sensex past 18,000
The Indian Stock index BSE Sensex has cross the 18000 milestone for the first time in its history. The day is also the biggest bull run in a single day in its history. The Reliance pack followed by Infosys and L&T have contributed the most number of points in this bull run.
The IT Industry that is seeing dull times in the recent past have work up ahead of Infosys results. Even Midcap IT stocks too are showing some signs of bottoming up. iGate for instance has jumped 45% in the last three sessions.
While the FII’s have been putting money, the domestic mutual funds have been pulling out and booking profits, of course the gap between the two numbers is wide.
Analysts say that India and China are good Global investment places. The infrastructure and power demand, positive outlook of the economy, mid-term poll confusion have all taken into factor in the Indian bull run.
Add commentOctober 10th, 2007