Markets:
Seeking 7,000 levels or heading for correction?
Mumbai: After jumping nearly 280 points after the
Budget presentation, the stock market is wondering whether
the correction will come in after the Sensex hits the
7,000 level or before that? The benchmark Sensex is just
150 points away from the magical figure of 7,000.
Foreign funds have remained aggressive buyers on the Indian
bourses on the back of the government's focus on tax reforms
and infrastructure development. Domestic mutual funds,
too, are in a aggressive mood as they are flush with funds
following substantial collections from IPOs of new equity
schemes.
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