Sensex gains 434 points ahead of Infosys Q4 numbers

It was a spectacular pullback rally for the Indian equity benchmarks on Wednesday, recouped entire losses shed in previous four sessions as well as today's initial sell-off.

April 13, 2011 / 17:43 IST

The markets staged a spectacular rally on Wednesday recovering most of its losses from previous four trading sessions as well as the initial sell off in early trade. The rally was entirely backed by inflows from foreign institutional investors. Experts believe in anticipation of Q4 earning season, which will kick start on Friday with IT bellwether Infosys Technologies.

Mark Mobius of Templeton Emerging Markets Group said that Indian market is showing signs of investors returning to India once again. He is optimistic that India may see new highs by year-end. Mobius warns that lack of government action may pose a big risk to India.

first published: Apr 13, 2011 04:05 pm

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