BackTaking Stock for 4 January 2010
Taking Stock for 4 January 2010
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Monday, 28 December 2009
Markets were closed on Monday, 28 December, on account of Muharram.
Tuesday, 29 December 2009
The Sensex rose on Tuesday, 29 December after Prime Minister Manmohan Singh said he expects the economy to grow at least 7% in the year ending 31 March. Reliance Infrastructure rose to a six week high while NTPC and ICICI Bank also increased for the day. Metal companies rose after prices went up on the London Metal Exchange.
Wednesday, 30 December 2009
Stocks fell on Wednesday, breaking a four-day, 4.8% rise, after finance minister Pranab Mukherjee said India’s budget deficit cannot be sustained for a long period of time, causing worry among investors. Larsen and Toubro and ITC, India’s biggest cigarette maker led the losses.
Thursday, 31 December 2009
India’s benchmark index closed higher on Thursday ending the year up 81%, its biggest annual gain since 1991. NTPC led the gains after it was reported the government could relax a rule to let power companies sell power at market-determined prices. Larsen and Toubro also climbed after it won contracts worth $124 million.
Friday, 1 January 2010
Markets were closed on Friday, 1 January.
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