The market has opened strong Monday. Within a couple of minutes, the Sensex jumped 616 points at 19,859. Nifty was at 5861, up 159 points from the previous close. The NSE 50-share index touched an all-time high.
India is likely to see a GDP growth of 9% for the current financial year, says Finance Minister P Chidambaram, reports Zee Business. But growth in infrastructure is less than the GDP and therefore he has asked pension and insurance companies to look at investing more in the infrastructure sector.
There is a lot of retail money sitting on the sidelines waiting to get into the market, says Ajay Srivastava of Dimension Consulting, on CNBC-TV18. The market has factored in the slowing down of FII flows to an extent, he adds.
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