STOCKS AND MUTUAL FUNDS SHORT-TERM OPTIONS
Nantoo Banerjee
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2013-01-18 13:30
The bad news is Sensex, the 30-share sensitive index of the Bombay Stock Exchange (BSE), is soaring again merely on sentiment and official announcements and not on logic. The Sensex briefly breached the psychology-booster 20,000-mark on January 15, a day after the doubly auspicious Makar Sankranti and Purna Kumbha at Ganga Sagar and Allahabad, respectively. The next day, it dropped marginally by 0.86 percent on the indication from the Reserve Bank governor, Dubburi Subbarao, that the current inflation rate did not warrant an immediate interest rate cut.