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Thursday, November 29, 2012

Sensex at 19-mth high on positive FDI buzz

Mumbai: Hopesof majority support for the government's decision to allow FDI in the retail segment, combined with global financial powerhouse Goldman Sachs projecting a new peak for the sensex at 21,700 and nifty at 6,600 in 2013, led to a strong rally on Dalal Streeton Thursday. 

    Thesensex gained 329 points to 19,171, near its 19-month high touched on May 2, 2011 as net FII buying jumped to about Rs 1,600 crore. The day's session added Rs 90,000 crore to investors' wealth with the BSE's market cap now at Rs 66.9 lakh crore. The rupee strengthened by 63 paise to close at 54.83 to a dollar.P21



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