The stock market on Thursday welcomed the Cabinet's decision to give 'in principle' nod to disinvestment of Air India. In this decision, the market saw a sign that the government was not shying away from bold reforms. At the time of writing this report, the BSE Sensex had surged by 176 points.
Speculators went about covering their short positions in anticipation of more reforms, today being the expiry of June futures and options derivative contracts.
The 30-share index had lost 456.42 points in the previous three sessions. All sectors were in the green. Realty, metal and capital goods led the upmove, with gains of up to 1.16 %.
Air India divestment decision perks up BSE Sensex
By IndianMandarins - 2017-06-29 10:42:51
The stock market on Thursday welcomed the Cabinet's decision to give 'in principle' nod to disinvestment of Air India. In this decision, the market saw a sign that the government was not shying away from bold reforms. At the time of writing this report, the BSE Sensex had surged by 176 points.
Speculators went about covering their short positions in anticipation of more reforms, today being the expiry of June futures and options derivative contracts.
The 30-share index had lost 456.42 points in the previous three sessions. All sectors were in the green. Realty, metal and capital goods led the upmove, with gains of up to 1.16 %.
