Stock market movement orderly: FM

Finance Minister P Chidambaram today said that the surge in the stock markets, whose key index closed at a record high of 12,736.42 points, was orderly and attributed it to improved corporate prospects and falling oil prices.

"No comments. I have already said I won't comment when the (market) movement is orderly," he said when asked for his views on the Sensex touching a new high.

Again when reporters insisted on a reaction, he said: "No comments. That means the movement is orderly." He attributed the strong rally in the market to better corporate earnings and declining global oil prices, besides a belated reaction to Infosys' results.

Asked if he expected the Sensex, which touched a new intra-day high of 12,756.23 points today, to cross 13,000 points mark in next few days, Chidambaram said that he would not go for the numbers.