INDIAN SHARES UP DUE TO DOMESTIC AND INTERNATIONAL REASONS, SAYS MARKET ANALYSTS
By ANIMonday, May 24, 2010
NATURAL WITH ENGLISH SPEECH
DURATION: 2.09
SOURCE: ANI
TV AND WEB RESTRICTIONS: NONE
Indian shares up due to domestic and international reasons, says market analysts.
Indian shares at the Bombay Stock Exchange (BSE) improve and open at over 200 points on Monday.
PLEASE NOTE: THIS EDIT CONTAINS CONVERTED 4:3 MATERIAL
SHOWS:
MUMBAI, MAHARASHTRA, INDIA (MAY 24, 2010) (ANI-ACCESS ALL)
1. GVs OTHE BOMBAY STOCK EXCHANGE (BSE) BUILDING
2. ONE OF THE STOCK INVESTORS OUTSIDE BSE
3. CLOSE OF THE DIGITAL SCREEN DISPLAYING SENSEX
4. GVs OF THE BUILDING
5. PEOPLE WORKING IN THE BSE
6. CLOSE OF A COMPUTER SCREEN
7. CLOSE OF A BROKER WORKING
8. CLOSE OF A COMPUTER SCREEN
9. (SOUNDBITE) (English) SUNIL SHAH, A MARKET ANALYST, SAYING: “First we will go to international because of the positive global cues and second thing now there is a talk in…there is a belief that China may reduce the tightening that we have seen off late just to pep up the global economy, ramp up the global economy because after this, Euros were slowing down. We need somebody to take the economy upwards.”
10. BSE BUILDING
11. GVs OF DALAL STREET
12. A SIGNBOARD
13. INVESTORS AROUND BSE BUILDING
14. CLOSE OF AN INVESTOR
15. (SOUNDBITE) (English) SIDDHARTH KUAWALA, A STOCK INVESTOR, SAYING: “In next round of rally, Reliance group of stocks will have a very good impact on the Sensex. Rather, it will give a positive weightage to the Sensex.”
16. GVs OF THE DALAL STREET
17. CLOSE OF BROKERS AND INVESTORS
18. GVs OF THE BSE BUILDING
STORY: Market analysts said that Indian shares have gone up and opened at over 200 points at the Bombay Stock Exchange (BSE) on Monday (May 24) on domestic and international cues.
Earlier, there was a fear of slowdown in China but now they may ramp up the global economy especially in the face of the Euro zone’s slowdown.
“First we will go to international because of the positive global cues and second thing now there is a talk in…there is a belief that China may reduce the tightening that we have seen off late just to pep up the global economy, ramp up the global economy because after this, Euros were slowing down. We need somebody to take the economy upwards,” said Sunil Shah, an analyst.
He added that the statement of the Ambani brothers to end the dispute over the division of assets has improved domestic buying.
“In next round of rally, Reliance group of stocks will have a very good impact on the Sensex. Rather, it will give a positive weightage to the Sensex,” said Siddharth Kuawala, a stock investor.
The BSE Sensex gained 208.27, or 1.3 percent, to 16,654.28 at 11.12 am (Indian time) in Mumbai, its steepest advance since Monday (May 10).
India’s economy is forecast to expand more than 8 percent this year and corporate earnings have mostly been robust, but the outlook for the stock market has been dented by heavy foreign withdrawals as the Euro zone crisis sparked a flight away from equities.
Experts predict growth of the market in this week.
