Tags:
Journalism of Courage
The bull run is not showing signs of a slowdown. Dalal Street cracked another ton on renewed buying in blue chips amidst reports that the government intends to raise at least Rs 4,000 crore from PSU divestment. The 30-share BSE Sensex jumped 130.23 points to a lifetime closing high of 9,263.90. The S&P CNX Nifty rose 36.10 points or 1.3 per cent an all time closing peak of 2,812.30. The market cheered the government move to raise about Rs 4,000 crore to Rs 5,000 crore from divestment in 10 to 15 PSUs including Nalco, Shipping Corporation of India, BSNL, Power Finance Corporation and Powergrid. Meanwhile, CMIE, an economic think tank, today upgraded its FY 2006 GDP growth forecast to 7.6 per cent from the earlier projected 6.8 per cent following strong growth in the services sector. With today’s rise, the Sensex has gained 357.59 points or 4 per cent in the past three trading sessions to the current 9,263.90 from a recent low of 8,906.31 on December 8, 2005.
