Bulls Retreat After a Brief Outing

No good news seems to sustain the bull fervour on Indian bourses for long. Triggered by an encouraging monetary policy, the bellwether 30 share BSE Sensex surged by 60 points to touch a high of 3060 since US attacks. However, despite strong US markets, the domestic bourses faltered in every other trading session and ended with a mere 6-point gain at BSE and NSE. The euphoria over the credit policy was ephemeral as domestic funds offloaded equities worth Rs 129 crore during the week. On the contrary, foreign funds continue to pump in money with the net monthly investments crossing Rs 800 crore after Ma