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Sensex riding on robust earnings, oil: FM

The finance minister says the latest rally is fuelled by corporate better earnings and falling global oil prices.

india Updated: Oct 13, 2006 16:23 IST
Press Trust of India
Press Trust of India

Finance Minister P Chidambaram attributed the strong rally in the stock market, whose key index on Friday closed at a record high of 12,736.42 points, to better corporate earnings and declining global oil prices.

It could also be a belated reaction to Infosys' results and expectations of higher earnings from other corporates, he told reporters in New Delhi.

First Published: Oct 13, 2006 16:23 IST