The Indian stock exchange rocked on 24 December with the benchmark index BSE-30 (Sensex) rising by 3.6%. This came as a pleasant surprise for many traders who were hoping a dull market following the trend of past few days. In the previous week the Indian stock market had shown loosing faith and in the last couple of trading session there was a tussle between bulls and bears with even results. With the festive spirit the markets have bounced back but are still to see the 20,000 mark for the Sensex which was crossed earlier this month.
There were couple of reasons for this spectacular performance. Gujarat elections, increased buying in IT stocks were the main reasons supporting the overall global market performance. Almost all the sector had contributed to this rise including the IT, banking, power, metals, etc. The stock markets world over are celebrating the festive season and Indian markets are no way behind them.
There were couple of reasons for this spectacular performance. Gujarat elections, increased buying in IT stocks were the main reasons supporting the overall global market performance. Almost all the sector had contributed to this rise including the IT, banking, power, metals, etc. The stock markets world over are celebrating the festive season and Indian markets are no way behind them.
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