Posts

Showing posts with the label Sensex jumps 767 points to 60687

Sensex jumps 767 points to 60687

Image
Nymex falls to 60, Brent to 71.81 amid global risk of inflation (Gujarat News Correspondent) MUMBAI: In the midst of rising inflation, Indian stock markets today resumed their game of managing indexes over the weekend, with IT-software services, technology frontline stocks as well as finance, capital goods-power, FMCG, automobiles and The Sensex again crossed the 30,000 level and the Nifty crossed the 12,000 level. On the one hand, foreign funds, Foreign Portfolio Investors (FPIs) stocks continue to sell, while domestic funds, institutional investors continue to buy stocks amid the possibility of a major negative impact on the global economy in the coming days. The Sensex jumped 9 points to 206.3 and the Nifty spot jumped 2.15 points to a high of 19107.5. Of course, against this game of index management, funds, players, operators had wide gaps in small, mid-cap, cash stocks rather than massive offloading. The US dollar had lost 7 paise to Rs 4.5 against the rupee today. International