Shares to track corporate earnings numbers in week ahead - News
India's blue-chip equities are expected to closely track the crucial quarterly corporate earnings reports, to be unveiled in the weeks ahead, before pouring more money into the trading ring.
Market analysts and traders say shares of select heavyweight companies may continue to inch higher as overseas fund operators expand their portfolio on hopes of robust economic growth in Asia's fourth-largest economy.
The stock market barometer, the 30-share Bombay Stock Exchange sensitive index or Sensex, closed Friday at 8,634.48, representing a staggering gain of 411.89 points or nearly five percent over its previous week's close.
The stock market closed in the positive zone for the week ended Friday after slipping lower in the previous week. The market index touched an all-time high of 8,650.17 Thursday on across the board buying interest.
Market analysts and traders say shares of select heavyweight companies may continue to inch higher as overseas fund operators expand their portfolio on hopes of robust economic growth in Asia's fourth-largest economy.
The stock market barometer, the 30-share Bombay Stock Exchange sensitive index or Sensex, closed Friday at 8,634.48, representing a staggering gain of 411.89 points or nearly five percent over its previous week's close.
The stock market closed in the positive zone for the week ended Friday after slipping lower in the previous week. The market index touched an all-time high of 8,650.17 Thursday on across the board buying interest.
posted by Sensex-Blog Admin at 6:21 AM
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