Despite the carnage of last week the Indian shareholders have got their confidence back and as a result of aggressive buying on the part of the traders the sensex has surged 400 points ahead.of course,leading the pack was none other than the SBI stocks which have increased in value due to the news that the recent takeover of a local bank chain has been completed.of course the merger still has to get the go ahead by the RBI and the government of India.when that happens and it will,soon at that,you can expect SBI to surge even further up than it already has.so keep your eyes on this stock.
That said the info tech sector was not that far behind the SBI.more and more laws are being amended to complement the IT sector every single day and this can only contribute more to the companies and the government's coffers.the sensex is all set to take over the 15,000 level and maintain it as the base for further market activities!
Monday, August 27, 2007
The Indian sensex rallies!
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