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Thursday, December 6, 2012

Indian Stock indices rise further on Banks | FDI bill optimism

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It turned out a good day for benchmark Indian Stock indices including Bombay Stock Exchange's SENSEX and National Stock Exchange's broader index NIFTY as predicted in my yesterday's post.

Major Indian stock indices closed in bright green today after news about FDI bill crossing hurdles in Rajya Sabha came in, Investors responded in positive way, thus making Retail stocks rising over 6 percent today.

BSE's SENSEX ended the day at 19,486.80 up by 94.94 points, Looks like it's upward momentum will continue even tomorrow and Monday might see some fall due to profit booking activities by investors for retail stocks. Broader index NIFTY rose by 30.40 points to a 23-month high of 5,930.90 today with the boost coming from banking stocks and Realty stocks.

HAPPY TRADING!

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