www.expressindia.com - Weather | Horoscope | Stocks | RSS
expressindia web city
HomeBlogsCricketAstrologyShopping TendersClassifieds Opinions Hotels
Sign In / Register | Archive
Expressindia » Story

Sensex soars 10% in Nov as dollar slides

Font Size

Agencies

Posted: Nov 14, 2009 at 1332 hrs IST
Sensex

Mumbai Global factors that helped Indian bourses rise by over 10 per cent in November so far, may continue to power a short-term bull run next week as well as investors turn to risky assets following sliding dollar against a basket of currencies.

Analysts credited sustained rally from the intra-day low of 15,330.56 on November 3, first trading day of the month, to a high of 16,909.74 on November 13, to dollar's fall to a 15- month low during the week under review.

Key driver of the market, however, was foreign investors as they bought shares worth USD 774.2 million in November, taking their total purchases to USD 14.8 billion so far in the calendar year 2009.

Investor sentiment also got a big boost after the government's disinvestment talk and assurance to keep stimulus packages until the global economy showed recovery.

Discuss this story on expressindia forums
Post Comments
Name* Email ID*
Subject* Country*
Message*
Characters remaining
 
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
I agree to the terms of use.

Latest News

Business

Showbiz

Sports

102 dead, 135 injured in Russian nightclub blast

Partition not a settled fact, has to be undone, says Bhagwat

ULFA chief surrenders but his commander slams him on talks

Mirwaiz gets a message, colleague attacked

Cong MPs meet PM, NSA on Telangana issue

Muslim women entitled to maintenance even after 'iddat': SC

Stay alert on Babri demolition eve: Centre to states

More
Featured Services
© 2009 The Indian Express Limited. All rights reserved
The Indian Express Group | Advertise With Us | Privacy Policy | Feedback | Work With Us | Site Map