Foreign Institutional Investors of FII's have put in lot of money into Indian stock markets as they look optimistic about economic reforms. However tax heaven Mauritius leads the list of countries to invest in India. Bombay Stock Exchange saw third straight day of upward movement as benchmark index SENSEX 30 crossed the 29K mark at close today. Stocks from IT sector Pharma sector and Banking sector led the gains today.
Those who also follow US stock markets:
US stock market updates for today
SENSEX closed today at 29006.02 pts, up by 117 pts, whereas NSE's NIFTY ended the day at 8761.40 pts, up by 31.90 pts. BSE's SMALLCAP index and BSE's MID-CAP index also closed higher today. All of the sectoral indices at Bombay Stock Exchange closed higher today. BSe's Healthcare index led the list of gainers and closed higher by about 1.70 perc, It was followed by Capital Goods index, Auto index, Metal index, Realty index, IT index, Banking index and Power index in decreasing order of gains.
Analysts feel that the current bull run is here to stay. 17 SENSEX components hit their all time high today.
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