Hindustan Times June 6 2009_PSU public issues give better returns

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“People have burnt their fingers with the private sector IPOs in the past. Now they would want to reap returns and the investor community will invest in the big-ticket upcoming IPOs,'' SMC Capitals Equity Head Mr Jagannadham Thunuguntla said.

Technology Economy & Finance

Hindustan Times June 6 2009_PSU public issues give better returns

The Sensex rose for the 13th consecutive week, adding 478 points over the previous week and ending at 15,103.55. This was the longest rally since August 2005 and was driven by expectations that the government would push through reforms. Some analysts warned that the rally was due to liquidity rather than fundamentals and a correction was imminent. However, others were waiting to see the government's policy decisions in the upcoming budget. Foreign funds were net buyers during the week, investing $427 million.

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