The Bull is galloping ahead at full steam!

Today saw the Indian Sensex cross another threshold, the 19000 mark .contrary to what most of the Economic pundits were saying, the Sensex showed no signs of slowing down or even taking a 'breather' to correct itself.it is said, that when the Bull market is on, leave your brain at home.and that is seeming to be the case over here as well.
It took only 4 sessions for the Indian stocks to jump from the 18000 level to the 19000 level.
Today saw the Sensex closing at 19,058 levels up by about 638 basis points since its close at friday.the show on Dalal street is far from over, since this is only the monday.all indications are that the momentum is all set to continue on, pushing the Sensex to new levels.who knows, this time by next week, the Sensexx may have well reached the 21,000 levels!

The Indian sensex rallies!

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!