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Sensex climbs for 7th straight session, gains 103 pts

Sensex climbs for 7th straight session, gains 103 pts
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First Published: Mon, Sep 03 2007. 04 39 PM IST
Updated: Mon, Sep 03 2007. 04 39 PM IST
PTI
Closing
Mumbai: The Bombay Stock Exchange benchmark Sensex ended in a positive zone for the seventh straight session, the longest rising streak this year, as most of the banking and capital goods stocks attracted funds buying.
The 30-share index rose 103.45 points or 0.7% to 15,422.05 over the last close. It touched a high of 15,427.16 and a low of 15,323.05 points during the day.
The seven-day advance is the longest since 7 December.
The National Stock Exchange index Nifty climbed 10.75 points to 4,474.75. Nifty futures for September delivery added 10 points or 0.2% at 4,439.15.
Banking stocks were major supporters as the banking index shot up the most by 131.53 points at 7,858.79. The capital goods index, which followed, rose 113.22 points at 4,299.
Public sector undertaking index rose 129.59 points at 7,095.44 points.
Afternoon (1st update)
Mumbai: The market shed most of the initial gains it posted in the morning, with the Sensex trading 51.51 points up at 15,370.11 at 1330 hours on 3 September. The Nifty had practically shed all its gains to quote just 1.20 points up at 4,465.20, after slipping into the red for a very short while.
However, the number of advances at 863, was more than twice the number of declines (288).
Morning
Mumbai: The stock markets extended their rally to another week with the benchmark Sensex rising further by 108 points during morning trade on Monday, 3 September, on sustained buying interest.
The markets have turned strongly bullish since 24 August and the key indices gained nearly 894 points or 6.2% in the six-day long rally.
The Bombay Stock Exchange (BSE) barometer opened firm at 15,401.99 and later touched a high of 15,426.78, a rise of 108.18 points over Friday’s close of 15,318.60.
The Sensex later moved irregularly and was quoted at 15,398.58 at 10.30am.
Similarly, the broad-based S&P CNX Nifty of the National Stock Exchange (NSE) surged by 13.90 points or 0.31% to 4,477.90 at 10.30 am from previous close of 4,464.
Low inflation rate at 3.94% for the week ended 18 August and impressive first quarter GDP growth boosted the market sentiment.
Asian markets, however, were hesitant during the morning session.
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First Published: Mon, Sep 03 2007. 04 39 PM IST
More Topics: Stocks | BSE | Sensex | NSE | Nifty |