Online edition of India's National Newspaper
Tuesday, Dec 19, 2006
ePaper
Online edition of India's National Newspaper Tuesday, Dec 19, 2006 ePaper |
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MUMBAI: The stock markets continued their upward march amid high level of volatility with both the key indices, the BSE benchmark Sensex and the Nifty, scoring handsome gains, powered by a strong rally in oil and gas shares, on Monday. Sentiment was also aided by firm Asian trend as well as anticipation of moderation in corporate and income tax rates in the forthcoming budget. The Bombay Stock Exchange 30-share sensitive index (Sensex) witnessed wild swings between 13744.17 and 13416.40 before closing at 13731.09, a net rise of 116.57 points over Friday's close of 13614.52. The S&P CNX Nifty advanced further by 40.10 points or 1.03 per cent to 3928.75. The market extended its gains to the fourth straight session after a huge correction on December 11 and 12 even as a few analysts still anticipated another correction to make the market valuations more attractive, brokers said. Foreign institutional investors were believed to be buyers in sectors such as oil and gas and healthcare. . — PTI
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Opinion |
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Miscellaneous |
Engagements |
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