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Journalism of Courage
Indian markets joined others in Asia in the global bull run. The continued fund flow from financial institutions in heavyweight stocks has further accelerated the market rally. The BSE Sensex rose by 66.39 points, or 0.73 per cent, to close at an all-time high at 9,133.67 points on Monday. Similarly, NSE S&P CNX Nifty rose 19.75 points, or 0.72 per cent, at 2,776.20 points. The Union government’s plan to unveil a divestment plan by December 25 strengthened the investor sentiment. All the sectoral indices specially BSE Bankex, BSE PSU and BSE Metal rallied on the bourses. Other Asian markets also ruled firm. Seoul shares hit a new peak, while Tokyo shares rose to a fresh 5-year high on Monday. On Friday, Mexican stock markets hit an all-time closing high.
