Comments on: Sensex rises in choppy trade http://blogs.reuters.com/moneyonthemarkets/2009/07/07/sensex-rises-in-choppy-trade/ A maturing market amid the mayhem Thu, 22 Nov 2012 11:50:01 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: A.Kapoor http://blogs.reuters.com/moneyonthemarkets/2009/07/07/sensex-rises-in-choppy-trade/comment-page-1/#comment-111 A.Kapoor Tue, 07 Jul 2009 15:31:54 +0000 http://blogs.reuters.com/moneyonthemarkets/?p=725#comment-111 Sensex had soared 2,111 points(+17.34%)in a single trading session on 18 May after a clear win of UPA alliance on an expectation that the new government will push through economic reforms and foreign investment.FIIs started to bring in funds in anticipation. Sadly there is nothing in this budget for FIIs to hold on to. Yesterday a spokesman for the government was taking pains in saying that they would not like the budget to be judged by sensex.Today DIIs were making all out efforts to show that D-street has given a thumbs up. Sensex will probably return to the levels around day of reckoning(16 May).It could be revisiting 12,750- 13,000 levels. Sensex had soared 2,111 points(+17.34%)in a single trading session on 18 May after a clear win of UPA alliance on an expectation that the new government will push through economic reforms and foreign investment.FIIs started to bring in funds in anticipation.

Sadly there is nothing in this budget for FIIs to hold on to.

Yesterday a spokesman for the government was taking pains in saying that they would not like the budget to be judged by sensex.Today DIIs were making all out efforts to show that D-street has given a thumbs up.

Sensex will probably return to the levels around day of reckoning(16 May).It could be revisiting 12,750- 13,000 levels.

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