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Home  » Business » Santa smiles on Dalal Street

Santa smiles on Dalal Street

By BS Reporter
December 24, 2009 16:09 IST
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SensexIndian markets rose to record levels for the calendar year backed by strong liquidity.

Hopes of strong economic and corporate growth have also been the driving factor for the markets.

The finance minister's announcement, on Wednesday, of keeping the stimulus till Budget has been the latest booster for the sentiment.

Markets opened with a positive gap on firm Asian cues. However, the Nifty slipped into the red, and remained subdued for the greater part of the trading day as investors started booking profits.

However, fresh buying by FIIs saw the Nifty rebounding smartly to a new calendar year high of 5,198. The index finally ended at a fresh 2009 closing high of 5172 - up 34 points.

The Sensex, helped by auto and metal stocks, gained 129 points to 17,361.

The foreign institutional investorsĀ so far this year have pumped in Rs 80,500 crore in domestic equities.

The BSE auto index advanced 1.5% to 7,356. The metal index was up 1.4% at 17,334.

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BS Reporter in Mumbai
Source: source
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