BSE Sensex may test 6,000 mark in weekahead

BSE Sensex may test 6,000 mark in weekahead
Indian shares are seen challenging the psychologically crucial 6,000 mark this festive week, powered by techs, but federal bonds may retreat further as investors grapple with government debt issuance and a tight money supply.

The key Bombay share index rallied 3.9 percent last week to end at a six-month closing high of 5891.36 points -- with the Hindu new-year and festival of lights, Diwali, still to come.

The undertone is bullish due to lower oil prices and firm global markets!

Expect software bellwether Infosys Technologies Ltd., drugmakers such as GlaxoSmithKline Pharmaceuticals Ltd., and oil companies Hindustan Petroleum Corporation Ltd. and Bharat Petroleum Corporation Ltd. to lead the push for 6,000 -- a level last seen in February.

Festive spending may benefit consumer goods maker Hindustan Lever Ltd., car maker Maruti Udyog Ltd., and the No. 1 motorcycle maker, Hero Honda Motors Ltd.

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