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Business News/ Home-page / Sensex closes marginally higher
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Sensex closes marginally higher

Sensex closes marginally higher

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Mumbai: Indian share prices closed marginally higher Thursday as overseas funds bought leading index shares on strong earnings for the fourth quarter ended March, dealers said.

They said that full-year earnings for most Indian companies reported in April and related guidance for future profits kept sentiment strong.

The benchmark Bombay Stock Exchange 30-share Sensex index closed up 11.11 points or 0.08% at 14,228.88.

The Indian rupee also gained Thursday against the dollar to a nearly decade high of 40.78.

Hectic buying was seen in India’s largest private sector company Reliance Industries, which fell Rs9.85 or 0.62% to 1,590, ahead of fourth quarter earnings later Thursday.

“The buying momentum slowed down in late afternoon trade," said Hiten Mehta, a fund manager with Fortune Financial Services.

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Published: 26 Apr 2007, 05:45 PM IST
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