Rediffmail Money rediffGURUS BusinessEmail

Sensex rise surprises Chidambaram

October 12, 2007 15:44 IST
Source:PTI
Finance Minister P Chidambaram on Friday expressed surprise over the steep rise in stock market barometer Sensex, which strangely appears to have lost steam.

"Steep rise in Sensex sometimes surprises me, sometimes worries me. I don't think fundamentals of economy changes day-to-day. Sensex is driven by corpus inflow of funds," he said while speaking at Hindustan Times Leadership Summit in New Delhi..

Referring to speculators' playing in the market, he said, "To an extent speculators are taking advantage of Sensex... I think things will cool down."

"Sensex is an index of 30 stocks (and) as such it is a number. We don't invest our future in Sensex," said the Finance Minister.

Source: PTI
© Copyright 2026 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

WEB STORIES

Mother India

Cook With Love: 14 Recipes For A Special Mom

Mother's Day: 12 Holidays For Mum

VIDEOS

NEWS BUSINESS MOVIES CRICKET SPORTS GET AHEAD REDIFF-TV REDIFF ASTRO MOBILE RECHARGE BILL PAYMENTS