Indian Stock markets have touched a new high of 19,198.66. At 12.30 pm, BSE Benchmark Sensex was up by 400 points at 19,116. The stock markets bounced back from lows of yesterday very smartly.
The Finance Minister Mr. P. Chidambaram issued a statement and said that there is no plan to ban participatory notes issued by FIIs. The statement helped the Indian Stock Markets to recover from the biggest ever intra-day fall. The NSE Nifty was down by nearly 10 percent in early trades yesterday and the trading was halted due to sudden fall in markets. However, Finance Minister maintained that SEBI will take some measures regarding anonymous capital flowing in the country.