Sensex ends 60 pts up, led by rally in cement, banking, metal stocks

Sensex ends 60 pts up, led by rally in cement, banking, metal stocks
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First Published: Tue, Mar 20 2007. 07 08 PM IST
Updated: Tue, Mar 20 2007. 07 08 PM IST
MUMBAI: The stock markets maintained their upward march today with the benchmark Sensex ending almost 61 points higher as funds accelerated their buying activity in heavyweight stocks, led by cement, banking and metal segments.
The 30 share index, Sensex, which had recorded a gain of nearly 215 points in previous trading session, gathered another 60.95 points, or 0.48% at 12,705.94 after touching session’s high of 12,798.80 and a low of 12,674.77 points.
In similar fashion, the Nifty index on the wide-based National Stock Exchange, also ended 18.70 points up at 3,697.60. It moved between 3,725.00 and 3,676.65 points during the session.
Stocks of cement manufacturers were back in demand after reports that the government might offer a five-year tax break for setting up of new cement plants.
Major gainers in the cement segment were ACC, Grasim Industries, Ultratech Cement, Madras Cement and Mangalam Cement.
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First Published: Tue, Mar 20 2007. 07 08 PM IST
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