India: Bargain Buying Continues On BSE and NSE

Posted on October 13th, 2008
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Equitymaster submits: Markets continued their northward journey on account of persistent buying in the index heavyweights. While stocks from the banking, consumer durables and consumer goods sectors are garnering investors’ interest, stocks from the FMCG and pharma sectors are at the receiving end. The advance to decline ratio is poised at 1.5 to 1 on the BSE.The BSE Sensex and NSE Nifty are trading higher currently, up by almost 630 points and 180 points respectively. The BSE Midcap and Smallcap indices are trading higher by 3.25% and 2.75% respectively. The rupee is trading at 48.20 to the dollar.Complete Story »

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