15th May, 2013 : ETFs gift Nifty new 28-month high, rate cut hopes fuel rally
It was an incredible rally in a really long time. Led by rate sensitives like banking, realty and autos, the Nifty hit a fresh 52-week high of 6,157.10. Dealers attribute today’s strong up move to heavy buying by exchange-traded funds. Duvvuri Subbarao, Governor, Reserve Bank of India, added to the cheer. He said the apex …