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Sensex up on hopes of financial measures

Comments(2) Sub Category:Uncategorized Posted On: Jun 20, 2012

The Bombay Stock Exchange (BSE) rose 1 per cent on Tuesday, a bounce back from heavy losses in the previous session, as hopes that the government would increase diesel prices as the first step to improve its finances.

Major reasons behind the huge dump in shares that sent the rupee to a record low in May were slowing policy reforms and perceptions of the government hampered by an unruly coalition.

However, investors are being cautious due to the continued euro zone debt crises and ahead of a Federal Policy meeting sending domestic-oriented shares such as cigarette maker ITC higher.

The 30-share BSE index rose 0.9 per cent to 16,859.80 points, recovering a bulk of its 1.4 per cent loss on Monday after the RBI disappointed markets by keeping interest rates unchanged.

The broader 50-share NSE index rose 0.8 percent to 5,103.85 points.

To read more real estate news:

RBI hiked Home Loan Interest for the 11th Time

Source: Business Standard

2 Responses to “Sensex up on hopes of financial measures”

  1. [...] Sensex up on hopes of financial measures [...]

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