Financial Daily from THE HINDU group of publications
Tuesday, Aug 16, 2005
Financial Daily from THE HINDU group of publications Tuesday, Aug 16, 2005 |
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Markets
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Stock Markets Industry & Economy - Industry Associations Bull run at bourses justified, says Assocham survey Our Bureau
New Delhi , Aug 15 THE stock markets in the country have moved up sharply in the recent past, but 60 per cent of 100 CEOs surveyed by Assocham say that the market is not overheated and that the bull run is justified since the economic fundamentals are in place. Over 75 per cent of the respondents said that they had anticipated the bull run in the equity market. The survey also finds that robust corporate earnings are considered one of the biggest factors for this accelerated growth in the stock markets. According to the survey, the bull run at the country's stock markets has been aided by FIIs even from Japan and Taiwan. The FII inflow into the Indian equity markets has touched $7 billion till August 2005. The CEOs are unanimous that the foreign institutions will remain invested for at least 12 months.
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