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Showing posts with the label Sensex up 198 points to 58664

Sensex up 198 points to 58664

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Foreign funds, investors to sell Rs 15,000 crore net in three days (Gujarat News Correspondent) MUMBAI: Among the more negative factors on the economic front, the Modi government was forced to withdraw three agriculture laws last week and the cancellation of Reliance-Aramco deals as well as discounting listings on shares of Paytm-One2 Communications. Today-Tuesday, after the crash, the declining funds put the market in a positive zone by giving a break to the crash. Derivatives showed short covering by stopping erosion today before the end of the November trend in the weekend on Thursday. Of course, as the market is still trading at overvaluation, the rise in stocks by funds and experts today has been described by some as a deceptive boom. Metal-mining, power-capital goods, healthcare-pharmaceuticals, automobiles, consumer durables, realty stocks gave the market a U-turn. The Sensex recovered after a sharp fall of 4.5 points to close at 1.8 points, up 3.8 points and the Nifty spot re