Sensex climbs back at 10,000. Will it go more?
For the second time last week, the Sensex on Friday stood at above the 10K mark. The closing level of 10,099.91 points marked a gain of 4.2 per cent over the previous week’s close. Some positive momentum emerged in the markets last week after a lower Inflation figure of 6.8 per cent was announced (for the week ended December 6). This figure was 1.2 percentage points lower than the previous week’s figure.
Net investment by foreign institutional investors (FIIs) for last week stood at Rs 330.9 crore. The price of crude Oil stood at $40.98 per barrel at the end of last week, falling nearly 7.6 per cent during the week.