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| India's Sensex hits record high | India's Sensex hits record high |
| (40 minutes later) | |
| India's main stock index, the Sensex, has touched a record high on the back of a growing economy. | India's main stock index, the Sensex, has touched a record high on the back of a growing economy. |
| The benchmark Sensex index rose to 14,028.47 points when trading began on Tuesday, topping a previous peak set in November. | |
| India's economy has beaten expectations by growing at a rate of 9.2% in the July-September quarter of 2006. | India's economy has beaten expectations by growing at a rate of 9.2% in the July-September quarter of 2006. |
| The Sensex's recovery marks a change in fortunes for the exchange, which plunged in value earlier this year. | The Sensex's recovery marks a change in fortunes for the exchange, which plunged in value earlier this year. |
| Market analyst Rahul Rege said the rising stock index was the result of strong economic fundamentals and more players investing their money in the market. | Market analyst Rahul Rege said the rising stock index was the result of strong economic fundamentals and more players investing their money in the market. |
| "Lot of money has flowed in from foreign investors in the last three months..the investor base has widened tremendously, economic growth numbers are positive and corporates have registered good results," he said. | "Lot of money has flowed in from foreign investors in the last three months..the investor base has widened tremendously, economic growth numbers are positive and corporates have registered good results," he said. |
| This year, foreign institutional investors pumped nearly $9bn into India. | This year, foreign institutional investors pumped nearly $9bn into India. |
| Asia's fourth-largest economy has grown at an average of 8% in the last three years. But critics say the benefits have not reached the poor fast enough. | Asia's fourth-largest economy has grown at an average of 8% in the last three years. But critics say the benefits have not reached the poor fast enough. |