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.

Published on: Oct 13, 2006, 16:23:00 IST

None | By Anonymous, New Delhi

Prefer HTon Google

Share via

Copy link

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.

Follow India news real-time updates and the latest news covered on Hindustan Times, featuring today's critical updates on Sonam Wangchuk LIVE and more across India.