A news by 4usnews:Bombay Stock Exchange Test Sensex, probably struck a welcome psychological level of 21,000 this week, driven by smart rooms Reliance and expectations of a reliable list of IPO Coal India, analysts say.
Sensex, which saw a subdued performance last week, shedding 0.66 per cent, mainly due to tight liquidity, reeling from surging more than a staggering 1000 points.
“Most of the country valued firm Reliance Industries [Get quote] posted better-than-expected second quarter numbers, which will boost investor sentiment and lead the market to the 21,000 mark on Diwali Images, CNI Research Chairman and Managing Director Kishore P Ostwal said....
On Saturday, Mukesh Ambani-led Reliance Industries was posted Robust growth of 27.8 per cent in its net profit for the quarter ended September 30, at Rs 4,923 crore against Rs 3,852 million in the comparable period last year.
In addition, the Reserve Bank of India Get quote RBI c quarterly policy review on 2 November and Coal India, which will be listed on stock exchanges on Nov. 4, are two big issues on which the market will be heavily bank on, feel the marketer......
