Investors flock to sectors high on reforms agenda

Riding high on expectations of fast-track economic reforms from the UPA government, investors flocked to those sectors that will be the key beneficiary during the next five years. As a result, the key sectoral indices in BSE witnessed solid surge on Monday with BSE realty recording a gain of 23.45%, capital goods index rising higher by 21.90%, BSE Bankex gaining 19.18% while OilandGas, Power and Public Sector Undertaking (PSU) indices registering a gain of 19.11%, 18.33% and 16.42% respectively. The market is now expecting key reforms in the financial sector through an increase in FDI limit in insurance and banking ...

More...