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Author Topic: Sensex back to 17K  (Read 1002 times)

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manishds

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Sensex back to 17K
« on: May 10, 2010, 03:59:42 AM »
The market showcased a smart come back after a sharp sell off that was witnessed in last trading session. The Sensex is up 282 points at 17051 pts while the Nifty is trading higher by 90 pts at 5110.  The European Union has unveiled a USD 670 billion emergency fund to stop a sovereign debt crisis that threatened to shatter the confidence in Euro. This news has been well accepted by the markets and the Asian market are already trading in green with Hang Seng up 1.34% and Nikkei is up almost 1%. The Euro and Dow Jones futures both have gained more than 2% post the news. The breadth of the market is positive with 2008 advances and 562 declines. Among sectoral indices Metals and Realty are the top gainers up by more than 3%. Reliance Power and RNRL continue to be in red after the company lost the case to Reliance Industries.

Source: Dalal Street investment Journal.
www.dsij.in

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