Business News

Jun 10, 2009, 11:07 GMT

Indian markets extend rally, up by over 2 per cent (Roundup)

New Delhi - Indian markets rose by over 2 per cent for a second day Wednesday, buoyed by positive Asian markets and the prospect of a return to fast-track economic growth. The benchmark 30-share Sensex of the Bombay Stock Exchange ended at 15,466.81, 2.25 per cent above its previous close. The broader 50-share Nifty of the National Stock Exchange closed 2.29 per cent up at 4655.25. Analysts said Prime Minister Manmohan Singh's comments Tuesday that economic growth could bounce back to 9 per cent boosted investor sentiment as did a rally in Asian stocks. Finance Minister Pranab Mukherjee also expressed similar confidence at a meeting with bankers Wednesday where he urged them to go for further rate cuts. Mukherjee is expected to present the next annual budget on July 3 and analysts said a high expectation of increased public spending was boosting the markets. The top gainers of the day included capital goods, power and metal stocks. The Sensex has risen by 61 per cent since January following a slump of over 50 per cent in 2008.

And Also

The Decade: Film's 10 Best Music Moments In The Aughts

The Decade: Film's 10 Best Music Moments In The Aughts - Cinema Blend
GASP: Goldstriker creates world's most expensive iPhone - The Tech Herald
Believe It or Not? Here Are the Week's Hottest Headlines - PopEater
Chris Rock interview, Sons of Anarchy and Woody Allen shout out for 'Madagascar' star

Your Talkback on this Story

Similar articles

Indian markets recoup losses after slide (Roundup)
Indian markets slide 3 per cent on Dubai debt debacle
India's Sensex gains on industrial growth data
Sensex hits highest level in 16 months
Sensex closes at 15-month high on positive global cues

Latest Headlines in Business

Older Talkback

Business: Index

: News; Features; Currency Conversion

Latest Pics

From Sites we Like

Mobile, Alabama's WPMI-TV learns the consequences of posting your breaking news tweets on an electronic billboard (w/ pic) [Fail]
"Nude model Kathleen Neill gets off after getting naked in Met". In related news, CBS has a new opening for a headline writer in their web division [Spiffy]
CSI Småland has concluded that Agneta Westlund met her death by a drunken elk. You see, there are reindeer sleighs and then there are reindeer slays. Yeeeaaaaahhhh [Followup]

More Not News from Fark

In Monsters and Critics

: Arts; Books; DVD; Gaming; Lifestyle; Movies; Music; News; People; Science & Nature; Sport; TV; Archives
Other Languages and Sites: Deutschland (Monsters and Critics); The Tech Herald; Free Games

Entertainment: Arts; Books; DVD; Gaming; Movies; Music; People; Soundtracks; TV
Media: Celebrity Photos; Movie Pictures; Movie Trailers; Movie Posters; Theatre Stills; Celebrity Video; Music Video
Released this week: Movies - USA; Movies - UK; DVD - USA
Distractions: Online Games; Daily Crossword; Sudoku Classic; Daily Jigsaw

World News: US; UK; Americas; Europe; Middle East; Asia Pacific; South Asia; Africa; Business; Education; Health
Science and Tech: Science and Nature; Technology
Lifestyle: Autos; Fashion; Life; Travel

Corporate

: About; Advertise; Contact; The Team; Vacancies; Privacy; RSS; Site Map; Terms; Webmasters

The Fine Print

© 2003 - 2009 by Monsters and Critics.com, WotR Ltd. All Rights Reserved. All photos are copyright their respective owners and are used under license or with permission. * Note M&C cannot be held responsible for the content on other Web Sites.

Servers supplied by Servint