Nifty touches 6300 mark for the first time

India's stock market index S&P CNX Nifty, which includes top 50 listed companies, has scaled new highs by crossing the 6300 mark for the first time on 4th January. The index has risen by more than 50% since last year and is one of the best performing global index of the year 2007 . Most of this rise has been fueled by the FIIs which have been pumping exorbitant amount of money into the Indian stocks. The country has been growing exceptionally well with last years growth in GDP of about9% per annum