Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Home-page / Rally gathers momentum; Sensex regains 13,000 mark
BackBack

Rally gathers momentum; Sensex regains 13,000 mark

Rally gathers momentum; Sensex regains 13,000 mark

Premium

Mumbai: Maintaining its three-session winning streak, the Bombay Stock Exchange benchmark Sensex climbed nearly 315 points today on sustained buying by funds amid short-covering, triggered by firming global markets.

The 30 share index (Sensex), which had gathered over 515 points in the last three sessions, zoomed by 314.32 points at 13,260.20 largely on all-round buying in heavy-weight stocks of banking, IT, metals and capital goods segment.

Similarly, the Nifty index on the wide-based National Stock Exchange also spurted by 100.05 points at 3,864.60.

Stock observers said apart from funds buying, heavy short-covering in derivative segment by operators gave a push to rising prices.

They said US Fed decision to keep interest rates unchanged at 5.25% was another positive factor.

Major contributors to the Sensex were Reliance Industries, ACC, State Bank of India, HDFC Bank, ICICI Bank.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 22 Mar 2007, 01:21 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App