Tuesday, October 9, 2007

SENSEX on a High

The BSE 30-share benchmark index - the SENSEX - touched a new high of over 18,200 points today. It closed up over 4.5%, and saw the largest single-day absolute gain of 700+ points. In intra-day trading, the index recorded a record gain of over 1000 points.

S&P and other leading firms have maintained bullishness on Emerging Markets. The rise came on the back of some speculative compromise on the part of the Left in handling the Nuclear Deal impasse.

Investors are cautioned to watch out for a large correction some time soon.

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