FDI vote makes Sensex go bullish

December 05, 2012 15:10
FDI vote makes Sensex go bullish

Even though the critics and the opposition parties standing tough and tall against the government's move of allowing FDI ( Foreign direct investment), Sensex on the other hand going bullish ahead of the FDI vote which is to be conducted on Wednesday. The top gainer's list is topped by Anil Ambani's Relience Industries LTD as the corporate giant is hoping that their investment plans for KG basin D-6 block will get government's approval soon.

Prominent stock analysts said that commodity markets would be keen to follow the updates of the crucial vote in the Parliament on foreign direct investment (FDI) in multi-brand retail and the new amendments to the  FEMA regulation act.

It's also worth mentioning that the key elements of the market are anticipating for more open market operations and some financial relaxations by the Reserve Bank of India. As of now, Sensex gains 0.22% to end at 19,348.12 points, while the Nifty rose 0.31%, to close at 5,889.25 .

(AW-Jyotishman)

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