The Bombay Stock Exchange Sensex for second time in a row on 15 January 2013 touched 2-years high. The shares remained supported inspite of government’s delayed implementation of the controversial rules related to tax avoidance.
However, till the time the RBI reviews the policy on 29 January 2013, analysts are expecting that the earnings would remain crucial catalysts for the Indian shares, as the investors would look for the signs of profit improvement in 2013. Analysts predicted that in the fiscal year 2013-14, the Sensex EPS would grow by 13-14 percent.
The BSE Sensex closed at 0.4 percent or 80.41 points at 19986.82 on 15 January 2013, which is the highest since 6 January 2011. Earlier it had touched the crucial 20000 level as well.
The Nifty, on the other hand, increased to 0.54 percent or 32.55 points, ending at 6056.60, closing more than 6000 for the second consecutive day.
Shares of the important companies such as ITC, Axis Bank, TCS and Bharti Airtel also increased.