S&P BSE Sensex crosses 21,000 for first time since November 2010
S&P BSE Sensex crossed 21,000 level for first time since November 2010. The benchmark is also Asia’s best performing index. Marking it highest intra-day level since November 2010, the S&P BSE Sensex rose above 1 % to 21,002.50
What are the possible reasons for this upward trend, S&P BSE Sensex crossing 21,000 mark?
- Fresh buying by funds and retailers mainly influenced the positive sentiment.
- Foreign funds have bought $1.7 billion in Indian equities till date in October 2013. Thus, making total purchases by foreign funds for the year to $15.35 billion.