Thursday, June 17, 2010

Sensex gains for sixth day on better earnings

Sensex gains for sixth day on better earnings
Stock market benchmark Sensex on Wednesday gained for the sixth straight day, adding 50 points, as funds shopped for shares on reports of higher quarterly tax payments by companies, raising expectations of earnings growth.

A firming trend in Asian region and higher opening at Europe on revival of buying by foreign funds on easing concerns about the sovereign debt concerns in Euro zone, further fuelled the uptrend and placed the Sensex at six week high.

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