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Sensex Up, But Lost Most of Gains |
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Author: Elena Todorova
123jump.com
Last Update: 10:39 AM EDT August 03 2006
The Indian Sensex today crossed 11,000 for the first time in over 2-months. The market bounced back 1,000 points from lower levels in the past eleven days due to strong quarterly results and good rains in the crucial sowing month of July. Foreign funds buying also helped the rally, as well as the calm Asian markets today. Banks and auto stocks climbed, while metal and oil shares lost. Sugar stocks rallied. |
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