India: Indian stock market has led the pack of positive rally last week with BSE-Sensex ending higher by 4.4% over the closing levels of last week. One of the reasons for this positive rally is that FII have been coming back to Indian Stock Markets. The past week saw strong buying activity from foreign institutional investors (FIIs), wherein they pumped in a total of nearly Rs 13.5 bn. This is the highest figure recorded during the year. Inflation too saw 30 years record low at 0.26% as compared to 0.31% last week.
Other Asian Markets: Other Asian markets such as Japan (up 2.4%), Hong Kong (up 2.4%) and China (up 1%) also ended the week on a positive note.
Major Global Market: As for other global markets, Barring the UK (down 1.1%), Brazil (up 2.6%), Germany (up 2.4%), US (up 0.8%) and France (up 0.5%) ended on a firm note.
The last Friday was really seen as a Good Friday.
[...] Posted April 13, 2009 at 9:09 am Last week: As predicted by us Indian Stock Market saw a positive trend throughout the week. BSE saw a net uptrend of 4.1% last week. For more details, visit Review for last week ended Friday, April 10, 2009 [...]