Sensex ends positive as inflation falls

Sensex ends positive as inflation falls
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First Published: Fri, May 11 2007. 04 27 PM IST
Updated: Fri, May 11 2007. 04 27 PM IST
PTI
Mumbai: The benchmark Sensex ended nearly 25 points higher on the Bombay Stock Exchange on 11 May on a host positive news including fall in inflation for the second week and a rise the industrial production.
The BSE-30 share Sensex, which had ended 10.28 points higher on 10 May, gained another 24.93 points to close at 13,796.16 after touching the day’s high of 13,864.18 and a low of 13,554.34 points.
Similarly, on the wide-based National Stock Exchange, Nifty ended 9.85 points higher at 4,076.65 points after dipping below 4,000 points to touch session’s low of 3,981.15.
Stock brokers said fall in the wholesale price-based inflation for the second week in a row to 5.66% for the week ended 28 April, easing pressure on interest rates, influenced the trading sentiments.
Reports that the country’s industrial production rose to 12.9% during March 2007 also affected the markets positively, they said.
Stocks of banking, PSUs and Oil and Gas sectors were major gainers, pushing the Sensex into the positive zone.
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First Published: Fri, May 11 2007. 04 27 PM IST
More Topics: Money Matters | Equities |