Mon, Jul 6 06:20 AMThe Sensex touched 14,913 points on the last trading day before the Union Budget, rising a
meagre 1 per cent over the previous week's close. It is currently trading at a trailing price-to
earnings ratio of 19.6.
Foreign institutional investors (FIIs) resumed buying Indian equities last week: they invested
around Rs 827 crore net in equities. "The whole week markets were driven by Budget
expectations, both Union and Rail. Some sectors rose due to Budget expectations and
some registered a fall," says Parag Shah-manager advisory, Sharekhan.
Sectoral performances were a mixed bag. The major gainers during the week were PSU and
Consumer Durables: they rose 3.8 per cent and 3.6 per cent respectively.
source :
http://in.news.yahoo.com/48/20090706/1238/tbs-markets-looking-forward-to-the-budge.htm
l
meagre 1 per cent over the previous week's close. It is currently trading at a trailing price-to
earnings ratio of 19.6.
Foreign institutional investors (FIIs) resumed buying Indian equities last week: they invested
around Rs 827 crore net in equities. "The whole week markets were driven by Budget
expectations, both Union and Rail. Some sectors rose due to Budget expectations and
some registered a fall," says Parag Shah-manager advisory, Sharekhan.
Sectoral performances were a mixed bag. The major gainers during the week were PSU and
Consumer Durables: they rose 3.8 per cent and 3.6 per cent respectively.
source :
http://in.news.yahoo.com/48/20090706/1238/tbs-markets-looking-forward-to-the-budge.htm
l
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