Sensex closes above 16k level

Sensex closes above 16k level
PTI
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First Published: Tue, Mar 25 2008. 05 19 PM IST
Updated: Tue, Mar 25 2008. 05 19 PM IST
Closing
Mumbai: The benchmark Sensex on the Bombay Stock Exchange regained the 16k level at close on Tuesday, after recording a gain of more than 928 points, the biggest in two months, on heavy purchases by funds as well as general investors.
The 30-share Sensex closed the day at 16,217.49, up by 928.09 points, or 6.07%, from its last close.
The key index touched the day’s high of 16,262.38 and a low of 15,612.61 points.
The wide-based National Stock Exchange index Nifty also shot up by 268.65 points at 4,877.50, after touching a high of 4,896.80 and a low of 4,616.80 points.
Traders said market witnessed aggressive buying, which was sparked by a firming global trend. Wall Street had rallied yesterday following reports of some positive data on home sales in US.
On BSE, it was the fourth straight winning session. The major support to the market came in from metal stocks and the sectoral index added 820.02 points at 13,607.64.
Realty sector index also surged by 645.06 points, banking index by 626.99 at 8,371.34 and capital goods index by 641.69 points at 13,867.60.
Late Afternoon Update
Mumbai: The Bombay Stock Exchange benchmark Sensex surged by 924 points in pre-close trading today to record its biggest gain in two months, as market participants indulged in brisk buying in heavy-weight stocks.
The Sensex, which commenced the day with a significant rise, spurted to record a gain of 924.03 points at 16,213.43 at 1400 hrs as heavy-weight stocks in information technology, banking and refinery sectors surged.
The 30-share Sensex, the barometer of the market, surged 5.6%, its steepest rise since 25 January.
The National Stock Exchange index Nifty too shot up by 260.65 points to 4870.50.
Afternoon Update
Mumbai: The Bombay Stock Exchange benchmark Sensex spurted by 719 points at noon today on aggressive buying by funds amid squaring up of pending positions by brokers.
The Sensex, which gained nearly 295 points in previous day’s trading, spurted further to record a handsome gain of 719.01 points at 16,009.12 at 1230 hours.
Similarly the wide-based National Stock Exchange index, Nifty, shot up by 203.45 points at 4,812.30 as heavy-weight stocks like Reliance Industries, Infosys Technologies, Tata Steel and State Bank of India recorded substantial gains.
The surge in stocks was partly supported by reports of a firming trend in global stock markets, marketmen said.
Early Morning Trade
Mumbai: The Bombay Stock Exchange benchmark Sensex gained 429 points in early trade today on emergence of buying in heavy-weight stocks, triggered by strong global cues.
The 30-share index, which rose 295 points on Monday, advanced further by 429.04 points to 15,718.44 in the first five minutes of trade.
The wide-base National Stock Exchange Index, Nifty, also rose by 125.90 points to 4,735.75 after index-related stocks like Reliance Industries, Infosys, BHEL and State Bank of India recovered ground.
Trading sentiments also turned bullish on reports of a steep rise in global stock markets, marketmen said.
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First Published: Tue, Mar 25 2008. 05 19 PM IST