Indian stocks up by 150 points; investors still cautious

Mumbai, August 16 (ANI): Giving much-needed relief to investors and traders, the Bombay Stock Exchange gained 1.5 percent earlier in the day, mirroring the global market scenario, reopening today. At 9.18 in the morning, the 30-share BSE index was up 1.03 percent at 17,012.48 points, with all but two of its components rising. Despite the 150-points rise in the Indian Sensex, the general investor mood was expected to remain cautious for at least a week, eminent market analyst Sunil Shah said in Mumbai on Tuesday. However, Shah asserted that though the markets had opened on a good start, most people would first wait and observe the unfurling situation in the European markets before investing. The 50-share NSE index was also up nearly 1 percent at 5,121.20 points


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