Wednesday, September 18, 2013

Early Diwali on Dalal Street thanks to US Fed

Sensex rallied over 600 points to touch its highest level in 32 months. Nifty reclaimed the psychological level of 6000

NEW DELHI: The S&P BSE Sensex rallied over 600 points to touch its highest level in 32 months, while Nifty reclaimed its crucial psychological level of 6000 and hit its peak since July 23, led by sharp short covering rally after the US Federal Reserve postponed winding down of its massive monetary stimulus.

  The S&P BSE Sensex is now trading at highest level last recorded around January 5, 2011. Does it mean that the rally is here to stay and bulls will always have an upper hand?

pratima kumari

pgdm 1st sem.

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