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Markets gain, Sensex above 15k level

Markets gain, Sensex above 15k level
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First Published: Mon, Mar 24 2008. 04 37 PM IST
Updated: Mon, Mar 24 2008. 04 37 PM IST
Mumbai: The Bombay Stock Exchange benchmark Sensex today regained the 15K level by adding nearly 294 points on heavy buying into blue-chip stocks, particularly in the banking sector.
The 30-share Sensex, in its straight third winning streak, added 294.57 points at 15,289.40 today after a long week-end.
The key index touched the day’s high of 15,351.31 and a low of 15,056.09 points.
The National Stock Exchange index Nifty shot up by 35.90 points at 4,609.85, after touching a high of 4,649.45 and a low of 4,539.80 points.
The major support to the market came in from banking index which gained the most by 249.09 points at 7,744.35, followed by capital goods index by 130.19 points at 13,225.91.
A steep fall in metal and realty stocks dented the market and checked a rising trend to some extent.
Late Morning Update
Mumbai: The benchmark Sensex shot up by 276.21 points to 15,271.04 at 1030 hours at the Bombay Stock market here today on persistent buying by operators on the back of firm trend in Asian markets.
The Bombay Stock Exchange 30-share barometer moved erratically in a range of 15,338.23 and 15,071.63 before being quoted at 15,271.04 at 10.30 am, up by 276.21 points.
The 50-issue Nifty of the National Stock Exchange also firmed up by 56.90 points to 4,630.85 at 10.30 am from previous close of 4,573.95.
Most of the Asian indices resumed better today, Taiwan up by 4.05%, Nikkei up by 0.37%, Straits times up by 2.34% and Seoul composite index by 0.44%.
Volatility increased on the bourses ahead of the expiry of March 2008 derivative contracts on Thursday, 27 March, a broker said.
Mumbai: The Bombay Stock Exchange benchmark Sensex gained 149 points in early trade on Monday on emergence of buying in blue-chip shares available at existing low levels.
The 30-share index, which had suffered heavy losses in last few trading session, bounced back by 149.45 points at 15,144.28 in first five minutes of trade.
Similarly, the wide-based National Stock Exchange index, Nifty, also rose by 63.55 points to 4,640.35 after heavy-weight stocks like ACC, BHEL and some banking shares rose smartly.
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First Published: Mon, Mar 24 2008. 04 37 PM IST
More Topics: Markets | Stocks | Equities | Trade | Nifty |