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Markets in firm mood; Sensex closes 109 points up

Markets in firm mood; Sensex closes 109 points up
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First Published: Thu, Sep 13 2007. 04 26 PM IST
Updated: Thu, Sep 13 2007. 04 26 PM IST
PTI
Mumbai: The benchmark Sensex surged by over 109 points on the Bombay Stock Exchange on 13 September, on buying by funds in heavy-weight stocks in oil and gas, banking and realty segment.
The 30-share index, which experienced two straight sessions of losses, rebounded to close with a gain of 109.08 points at 15,614.44. It touched the day’s high of 15,650.14 and a low of 15,547.66 points.
Similarly, the wide-based National Stock Exchange index Nifty rose by 32.10 points at 4,528.95, after touching a high of 4,540.60 and a low of 4498.05 points.
The index-heaviest Reliance Industries surged by Rs13.55 at Rs2,026.50 on favourable corporate reports, and lifted the oil and gas segment index by 6.35 points at 11,924.63.
Realty index, led by Unitech Ltd, recorded the maximum gain with a 205.52 point surge at 7,847.86, followed by banking index by 102.17 points at 8,081.94. Bank scrips rose on expectation that the US Federal Reserve might cut interest rates next week.
The PSU index rose by 73.03 points at 7,396.63, auto sector index by 63.56 points at 4,939.34, capital goods index by 59.70 points at 13,723.88, IT index by 38.59 points at 4,482.57 and technology index by 22.14 points at 3,562.58.
Mid-morning
Mumbai: The benchmark Sensex recovered by over 97 points in early trade on the Bombay Stock Exchange on 13 September on revival of buying by funds encouraged by firm global trend.
The 30-share Sensex, which shed nearly 30 points at previous day’s closing, bounce by 97.29 points to touch 15,602.65 points in the first five minutes of trade on buying in reality and banking stocks.
BSE reality index shot by over 2% lead by stocks of Unitech Ltd.
Similarly, wide-base National Stock Exchanges’ Nifty rose by 19.95 points at 4,524.80 points.
Market sentiment turned bullish on heavy buying in fundamentally strong shares available at lower level amid firming trend in the global markets.
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First Published: Thu, Sep 13 2007. 04 26 PM IST