BSE Sensex continues upward rally, adds 72 points

• IBTimes RSS
• Print
• E-Mail
• digg
• Del.icio.us

Global crude oil prices also eased on Monday, declining from a high of $135 to around $132.

However, the market will continue to remain jittery with investors bracing for another round of interest rate rise, the analysts said.

India's wholesale price index (WPI)-based inflation rate has surged to a new high of 11.63 percent in the 12 months to June 21, higher than previous week's figure of 11.42 percent, government data showed on Friday.

Analysts have warned investors to brace for the central bank's move, which is expected to further tighten monetary policy.

"The negative factors are still there. So volatility will continue," said Jigar Shah, senior vice president and head of research in India for Singapore-based Kim Eng Securities.

Agrees Shankar Char, head dealer at Centrum Broking. "There's too much volatility, so it's very difficult to predict where the market is headed," he said.

Elsewhere in South Asia, Pakistan's Karachi 100 slipped 0.7 percent to 11,878.38 while Sri Lanka's Colombo's All-Share declined 0.14 percent to 2,401.17. Bangladesh's Dhaka Stock Exchange also ended down 0.98 percent at 2990.56.

The markets in Asia ended robust on Monday as oil concerns eased.

Japan's Nikkei 225 jumped 0.92 percent to close at 13,360.04; Hong Kong's Hang Seng surged 2.28 percent to 21,913.06; China's Shanghai Composite soared 4.59 percent to 2792.40; Taiwan's Taiex advanced 1.56 percent to 7341.11; South Korea's Kospi climbed 0.11 percent to 1579.72; and Singapore's Straits Times ended up 1.44 percent at 2934.12.

However, Indonesia's Jakarta Composite and Malaysia's Kuala Lumpur Composite ended down 0.47 percent and 0.61 percent at 2303.82 and 1127.26 respectively.

• 1
• 2
• 3