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In its onward march scaling new heights the Bombay Stock Exchange (BSE) Benchmark index Sensex clocked a new high of 19487.02 points, an increase of 138.63 pointsover Monday's close. The market is keenly watching what RBI has to unfold on Thursday, the 16th September 2010 in its Policy Review. This is the straight 6th day rise in the sensex Today's gainers included among others, TCS, Infosys and Wipro. Unabated FII inflows during the year – yes they have brought $ 13.7 billion so far compared to 17.5 billion year = coupled with domestic funds including Pension Fundhave fuelled the market with its benchmark seeing more than 80% jump since last year.
Similarly, the National Stock Exchange (NSE) Nifty was also marked by an increase of 35.55 points to close at 5795.55 points or 0.6 percent over the previous close.
Where are we headed
The market is keenly watching the RBI Mid Term Policy Review This week and also looking for global cues and consolidation/correction is due any time soon.