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Our Bureau

New Delhi, Sept 28

The Finance Minister, Mr P. Chidambaram, on Friday cautioned investors over the share indices movements, which continued to be on a roll this week on more buying of select shares by foreign investors.

“My advice to investors is that they should do their homework. And if they cannot do their homework, they should trust those (mutual funds) who do their home work. And for speculators, I have no advice,” Mr Chidambaram told reporters here.

The benchmark BSE sensex closed on Friday at a new high of 17,291, up 140 points in a day. On whether the market movement was orderly, Mr Chidambaram said “that is what SEBI is saying”.

During the day, the Reserve Bank of India Governor, Dr Y.V. Reddy, called on the Finance Minister at the latter’s North Block office. The meeting lasted for more than a hour.

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