The SSE Sensex jumped 925.39 points, or 6.27%, in the fortnight and rose 1,314.56 points, or 9.15%, in the year to 31 July 2009

stimulus measures like cuts in excise du­ties helped India Inc report better-than­expected Q I June 2009 results. A likely recovery of the economy may aid the top line growth of India companies in the coming quarters. On the flip side, the re­cent surge in commodity prices and a likely rise in interest rates in 2010 may cap bottomline growth.
Copper prices jumped 15% on the Lon­don Metal Exchange in July 2009 - their biggest monthly gain since March 2009, when prices rose about 20%. Yet, those com­panies with pricing power and price escala­tion clause on their contracts with custom­ers will be able to protect margin.
In the near term, investors will watch the progress of the monsoon and its impact on the agricultural sector. India's rural popu­lation accounts for a large share oftotal con­sumption. About 17.5% of the gross do­mestic product comes from agriculture and related industries. Insufficient crops will also add to inflation pressure.
After a solid surge this year, it is likely that the Indian market may consolidate in the coming days. The Sensex is up 6,023 points, or 62.43%, in calendar year 2009