The Finance minister Pranab Mukherjee has got going. And the markets continue to play the waiting game. The Sensex is quoting at 16324, higher by 70 points and the Nifty is at 4879, up 19 points.
Energy, metal and metal sectors continue to be in the limelight. The
To begin with, he outlined his vision for a modern and economically strong India. He expressed faith in the strength of the Indian economy and stressed on harnessing economic progress to make growth more inclusive. He also expressed optimism on achieving a growth rate of 9% and even double digit numbers in the not-too-distant future. The resilience of the domestic economy to the global slowdown also came in for special mention. Amid all the feel-good talk, the FM did not shy away from expressing his concern on the spiralling food inflation.
The market breadth is positive. Out of 2513 stocks traded on the BSE, there are 1469 advancing stocks as against 969 decl;ines.
