BackSensex ends 47 points up on high industrial growth
Sensex ends 47 points up on high industrial growth
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By PTI
Mumbai: Buoyed by the robust industrial growth, the Bombay Stock Exchange benchmark Sensex on 12 June closed higher by over 47 points on the back of funds buying in heavy-weight stocks such as Reliance Industries.
The Sensex, which had gained over 19 points on 11 June, gathered 47.54 points to close the day at 14,130.95 points after dipping below the 14,000-mark to hit day’s low of 13,946.99.
In like manner, the wide-based National Stock Exchange’s index Nifty closed with a gain of 9.60 points at 4,155.20 after touching an intra-session low of 4,100.80.
Market observers said a buoyant manufacturing sector, which pushed up industrial growth to 13.6% in April against 9.9% in April 2006, triggered a late surge in stock prices, helping the Sensex to close in positive zone.
Major supporter to the Sensex was RIL, which ended Rs31.35 , or almost 2% higher at Rs1,699.55.
Other gainers were ACC, Grasim Industries, HDFC Ltd, ICICI Bank, Larsen and Toubro, Tata Steel and Hero Honda.
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