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This is an archive article published on September 12, 2009

Indices hit 15-month high

Indian bourses turned green as both the benchmark Sensex and Nifty hit a 15-month.

Indian bourses turned green as both the benchmark Sensex and Nifty hit a 15-month high during the week following sustained capital inflows in view of improvement in business confidence and revival of monsoon coupled with firm global cues.

The main market mover,Foreign Institutional Investors (FIIs) went on buying spree and pumped in Rs 3,275.67 in the week,including provisional data of September 11.

A survey carried out by Federation of Indian Chambers of Commerce (FICCI),for the month of September 2009,suggested that the confidence level of India Inc is on the rise.

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Strong response to the initial public offer of Oil India also boosted the market sentiment.

The Bombay Stock Exchange 30-share barometer ended the week higher at 16,264.30 as against the last weekend’s level of 15,689.12,a net rise of 575.18 points or 3.67 per cent.

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