S&P BSE Sensex crosses 21,000 for first time since November 2010

S&P BSE Sensex crossed 21,000 level for first time since November 2010. The benchmark is also Asia’s best performing index.  Marking it highest intra-day level since November 2010, the S&P BSE Sensex rose above 1 % to 21,002.50

What are the possible reasons for this upward trend, S&P BSE Sensex crossing 21,000 mark?
  • Fresh buying by funds and retailers mainly influenced the positive sentiment.
  • Foreign funds have bought $1.7 billion in Indian equities till date in October 2013. Thus, making total purchases by foreign funds for the year to $15.35 billion.

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Categories: Banking Current Affairs 2017Business & Economy Current Affairs 2017

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