Sensex climbs 205 points, RIL hits new high at Rs1,626

Sensex climbs 205 points, RIL hits new high at Rs1,626
PTI
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First Published: Thu, May 03 2007. 04 42 PM IST
Updated: Thu, May 03 2007. 04 42 PM IST
Mumbai: The benchmark Sensex climbed more than 205 points on 3 May to close well above the 14,000 level on the Bombay Stock Exchange on a flurry of buying by funds in trend-setter Reliance Industries and other heavyweight stocks.
The BSE-30 share index, Sensex, which had lost 36.21 points in the previous session, staged a strong comeback to close 205.84 points, or 1.48% higher at 14,078.21 after touching the day’s high of 14,107.06.
Similarly, on the wide-based National Stock Exchange, Nifty gathered 63.15 points, or 1.54% at 4,150.85. It moved between 4,161.20 and 4080.20 points during the session.
Market observers said apart from firming global markets, UBS brokerage raising RIL’s earnings per share forecast to Rs92.90 from Rs82.80, also buoyed the trading sentiments.
RIL shot up to hit another new high of Rs1,626 before moving up by Rs63, or 4.04% higher at Rs1,623.10.
All the sectoral indices ended in the positive zone, reflecting the all-round buying activity.
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First Published: Thu, May 03 2007. 04 42 PM IST
More Topics: Money Matters | Equities |