From Asianage.com: Buoyed by the RBI’s proactive steps, Indian markets closed higher for the second successive week. On the BSE, the Sensex swung in a wide band of 1,300 points before closing at 9,964 with a gain of 176 points. The Nifty on the NSE logged 87 points to end the week at 2,973.
CNX Midcap and the BSE Small Cap indices have also clo-sed higher by 6.1 per cent and 3.6 per cent reflecting a modest renewed interest in some of the badly battered stocks. Pre- and post-election movements of US markets clearly indicate that more abysmal economic news is in the offing. Central banks across the world slashed interest rates in an attempt to infuse life into recessionary economies and strained money markets….. Full Article: Source