Journalism of Courage
Bulls went on a rampage sending both the bellwether indices,Sensex and Nifty,to their 32-month high levels during the truncated week under review on heavy capital inflows following better-than-expected US jobs data late last weekend.
The market was closed on September 10 for ‘Ramzan Id’.
Buying was seen across-the-segment with the metal and banking sectors leading the pack on receding fears over chances of a double-dip recession in US after last weekend’s employment data that beat market expectations,and also the price rise on the London Metal Exchange (LMEX).
Surge in index-based stocks RIL,SBI,ICICI Bank,HDFC Bank,Tata Steel,Hindalco,Sterlite,Jindal Steel,Infosys,TCS,Bharti Air,ACC,BHEL,L&T,HUL,Tata Motor and Maruti mainly contributed to the Sensex surge.
