Money on the markets
A maturing market amid the mayhem
The BSE Sensex today shrugged off shaky early trade and ended 0.6 percent higher on speculation the government would announce an economic stimulus plan in its interim budget.
On the global front, World stocks fell after five days of gains as investors fretted over U.S. plans to boost the economy and save its banks.
According to SEBI, FIIs were net buyers today. Their net investment in equities was $71.7 million, while their net sales in debt was $1.3 million.
India’s industrial output in January is expected to be better than November and December as there were encouraging signs from the cement, steel and auto sectors. In November, factory output rose 2.4 percent from a year earlier, after declining 0.3 percent in October.