Below are Views On Quote on Sensex 617 pts higher, Nifty above 15,100 By Keshav Lahoti, Angel Broking Ltd
Indian shares opened sharply higher on the back of firm global cues and also because of positive forex reserves data. Foreign institutional investor are continuously pumping money in the Indian market to take it to new life time high. Indian market is rallying due to faster economic recovery, government increased funding to infrastructure sector in the budget, better than expected result published by most of the companies during the ongoing earning outcome and increasing participation by FII. Market fundamentals and sentiments are strong to take the market to new highs. Continuous FII Inflow is very important for the rally in the market.
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