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Update: Sensex maintains upward march, gains 740 pts

Update: Sensex maintains upward march, gains 740 pts
PTI
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First Published: Mon, Oct 13 2008. 01 13 PM IST
Updated: Mon, Oct 13 2008. 01 14 PM IST
Mumbai: The Bombay Stock Exchange benchmark Sensex maintained its upward march at midsession on Mondya and gained over 740 points on revival of buying by funds as well as retail investors after Finance Minister P Chidambaram said that more measures are expected to be announced to address the problem of liquidity.
The 30-share index, which plunged by over 2,528 points in the past six straight sessions, recovered by 740.12 points, or 6.9% at 11,267.97 after heavy-weight stocks led by banking and capital goods sectors recorded significant gains amid firming trends in Asian stock markets.
Similarly, the wide-based National Stock Exchange’s index also regained by 207.45 points, or 6%at 3,487.40 after most of the index participants traded higher.
Trading sentiment turned better after the Finance Minister P Chidambaram’s statement that more measures are expected to be announced to improve liquidity in the market.
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First Published: Mon, Oct 13 2008. 01 13 PM IST
More Topics: Indian Markets | Stocks | Sensex | BSE | NSE |