Rediff.com« Back to articlePrint this article

Investors richer by over Rs 1 lakh cr

Last updated on: November 28, 2012 08:43 IST
Bombay Stock Exchange.

Investor wealth on Tuesday swollen by over Rs 1 lakh crore on all-round buying in stock market after credit rating agency Moody's said India's outlook is stable and agreement over debt relief package to Greece that boosted markets globally.

The BSE barometer Sensex closed with gains of 305.07 points or 1.65 per cent at 18,842.08 points.

Click NEXT to read more...

Investors richer by over Rs 1 lakh cr

Last updated on: November 28, 2012 08:43 IST
Bombay Stock Exchange.

The total investor wealth moved up by Rs 1,06,767 crore to Rs 65,94,019.45 crore.

Buying was so strong that all 13 sectoral indices closed with gains of up to 3.2 per cent. Of the 30 Sensex stocks, 28 scrips registered gains and only NTPC and ONGC closed with minor losses.

Click NEXT to read more...


Investors richer by over Rs 1 lakh cr

Last updated on: November 28, 2012 08:43 IST

"Positive international cues and reaffirmation of stable outlook on India by Moody's sentimentally aided the rise in the markets," Inventure Growth & Securities, Head Research, Milan Bavishi said.

Moody's said today that the outlook on its Baa3 rating for India is stable, in part due to the country's high savings and investment rates.

The eurozone and IMF threw a new lifeline to Greece releasing funds to avert bankruptcy and admitting that help to reduce debt will be needed for years.

© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.