On the fifth day , the BSE Sensex achieved the highest level of 22363,97 points.
Founder of Equinomics Research & Advisory Pvt Ltd, G Chokkalingam said the market outlook is bullish . The market rally will continue till the election results . The Reserve Bank may keep interest rates unchanged .
In terms of implementing the Basel-3 standards in which Reserve Bank of India (RBI) has extended deadline for banks to implement global capital norms,by a year to March 2019 on concerns of potential stresses on the asset quality and profitability of the banks,the main index of Bombay Stock Exchange (BSE) jumps by 125.60 points or 0.57 per cent gain and closed at 22339.97 points reaches the new record level.
Earlier the Sensex had touched the level of 22363.97 points.The index continues to be the highest level is the fifth consecutive session .
According to the experts ,the boom in domestic markets is due to foreign institutional investors ( FIIs ) investments.They have done total net investment of Rs. 18,073 crore in the domestic market from 12 march to this Thursdays.
On Friday , FII bought Rs 1362.87 crore stocks in domestic stocks .Moreover , due to extended time frame in basal-3 standards the public sector banking shares becomes faster.
Jayant Manglik,the President of Religare Securities said investors are planned to buy every level of falling of stocks due to fear of losing the profit. Additionally,with the positive global cues and rising rupee rate against the dollar is also supported the market growth.
Founder of Equinomics Research & Advisory Pvt Ltd, G Chokkalingam said the market outlook is bullish . The market rally will continue till the election results . The Reserve Bank may keep interest rates unchanged .
In terms of implementing the Basel-3 standards in which Reserve Bank of India (RBI) has extended deadline for banks to implement global capital norms,by a year to March 2019 on concerns of potential stresses on the asset quality and profitability of the banks,the main index of Bombay Stock Exchange (BSE) jumps by 125.60 points or 0.57 per cent gain and closed at 22339.97 points reaches the new record level.
Earlier the Sensex had touched the level of 22363.97 points.The index continues to be the highest level is the fifth consecutive session .
According to the experts ,the boom in domestic markets is due to foreign institutional investors ( FIIs ) investments.They have done total net investment of Rs. 18,073 crore in the domestic market from 12 march to this Thursdays.
On Friday , FII bought Rs 1362.87 crore stocks in domestic stocks .Moreover , due to extended time frame in basal-3 standards the public sector banking shares becomes faster.
Jayant Manglik,the President of Religare Securities said investors are planned to buy every level of falling of stocks due to fear of losing the profit. Additionally,with the positive global cues and rising rupee rate against the dollar is also supported the market growth.
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