Four trading sessions — that’s what it took the sensex to rally from 18k to 19k, making it the fastest 1,000-point run in the history of the 21-year-old index. If you think that’s a milestone, consider this: Over the last month, the sensex has gained 3,500 points. And during this period, four of its five all-time highs were achieved.
The question is, what’s feeding the frenzy? The answers at 19K remain what they were at 18K. Unabated buying interest by foreign fund managers because returns from India remain among the best in the world; and expectations that in the future, the Indian economy and corporate’s will continue to do well.
Foreign institutional investors have pumped $7 billion into Indian stocks in less than a month. These inflows had contributed to a hefty appreciation of the rupee. The rupee has risen more than 12.5 per cent this year standing at 39.175 INR for 1 USD.
Source: Times Of India
Really this is good in one sense but not for we NRIs…
We cannot send back money because it is worth so less now…
Hope dollar gets stronger soon.
Until then I will wear my sad face…
Start thinking when 1USD becomes at least 20 Indian Rupee and sustains for 5 years. Just like any hollywood movie ,the Aliens from outer space always find USA to be a prosperous place to land !..chuckle!
Also, be happy that you will have to send less money home as they would get richer and at the same time you will save more !
It is going to touch 20,000 by december and there will be correction after this mark… so becareful guyz…
Canada and US currency are same against INR now. Europe & UK are Booming however. May be there would be shift from US to Europe very soon
If people are crying about the reduced dollar value affecting the profit margins, back home, it has done no good for the prices for the daily consumables for a common man.
Suddenly, when the sensex loses few hunderd points people start crying.. as how many lakh crores are lost..!!
People say that the economy is growing.. I dont care about all these shit..
It has neither brought down the daily living expenses nor improved the living standards of the poor.
Honestly, the prices are very volatile for any change (increase in dollar value, specifically) at the international level. However, this is not true with the decrease in dollar value..
Personally, these sensex makes little sense to me..