Indian bears rule the roost

India's Sensex goes up briefly in morning trading but selling pressure sees it end weak around 10,500; further fall expected this week.

IndiaÆs stock market witnessed another day of ups and downs yesterday May 24. The Sensex opened strong rising 1% to 10,938 following gains in Japan, South Korea and Taiwan. In the morningÆs trading ICICI Bank gained 6% and Bharti Tele-ventures gained 4%. Cement, metal, banking and pharmaceuticals all saw bullish sentiment. However, celebrations were premature as profit-taking followed. Although the movements were nothing like as dramatic as those which had caused regulators to suspend trading on Monday the Sensex...

To continue reading, please login or register for free

Click for more on: india stock markets | sensex

Print Edition

FinanceAsia Print Edition