For the second consecutive day, the two leading indices together touched their respective all-time high and the respective closings were also at record levels. With FII investment figures indicating a net inflow of Rs 89 crore for Thursday, market players are now eagerly waiting for the Sensex to cross the 5000-level mark. And technically, the market is poised to cross the 5500-mark before the new government is in place. During the day it showed a net gain of 15 points.
Market players expect the bourses to remain firm during the coming week also.
Arun Kejriwal of Woodstock Securities who sees activity bordering on euphoria on Monday, does not want to assign a target to the Sensex. Market players expect the corresponding figure for Friday to remain positive. Compared to anet outflow of Rs 285 crore during the rest of the current month, the total inflow of Rs 112 crore during the last two days has given a lot of confidence to the market players. On Thursday, the total turnover by the FIIs were at Rs 415 crore, one of the highest during the recent times. Technically, from the present levels, the market is poised to cross the 5500-level before the new government is in place.