Market analysts in India have warned that the ongoing frenetic upward movement of the benchmark Sensex index, which soared from 16,000 points to an all-time high of more than 17,000 in just five trading sessions, is becoming increasingly susceptible to profit-booking and a consolidation. Overseas investment has been driving the gains since the US Federal Reserve cut interest rates earlier this month, making emerging markets more attractive. [AMEInfo.com]



Related Articles

Gold touches 27 year high

‘Overbought’ Sensex fears

Sensex through 19,000 points

Sensex pauses for breath

Sensex nears 18,000 points

Posted: 09|30|07 at 5:13 am. Filed under: News.