Why Sensex looks set for new life-time high; seen at 24K this year

After a day's pause, thanks to Russia-Ukraine military stand-off, the S&P BSE Sensex resumed its upward journey yesterday and almost reached its all-time closing high of 21,373.66 in early trade today. The rise in Indian equities has been possible with the return on foreign institutional investors in the month of February. They bought shares worth net Rs 1,404.30 crore in February as compared to a net buy of Rs 714.30 crore in January 2014. The Sensex is likely to scale 24 .. Source :  http://economictimes.indiatimes.com/markets/stocks/market-news/why-sensex-looks-set-for-new-life-time-high-seen-at-24k-this-year/articleshow/31456975.cms