BSE Sensex Hits 19,000 – Alltime High

It took just 4 Trading sessions for the Mumbai Stock Exchange SENSEX 30 to hit a new high of 19,092.

Easing of political worries and improved Index of Industrial Production (IIP) figures for August 2007 boosted the bourses today. India’s industrial output in August 2007 rose 10.7% from a year earlier, higher than upwardly revised annual growth of 7.5% in July 2007 due to mining, manufacturing and electricity production, data released by the government showed on Friday, 12 October 2007.

Emerging markets-dedicated equity funds posted strong inflow for yet another week. For the third consecutive week, emerging markets equity funds recorded inflow in excess of $5 billion at $5.1 billion, in the week ended 10 October 2007. Funds dedicated to emerging Asia had the most inflows in the seven-day period, or $2.13 billion.