Sensex completes five-day winning rally, up by 45.39 pts
In high volatility, the benchmark Sensex closed today positive for five days in a row, the first time in 2009, up by 45.39 points on the back of a smart rally in stocks of metals, pharma, banks, and auto.business Updated: Mar 27, 2009 19:47 IST
In high volatility, the benchmark Sensex closed today positive for five days in a row, the first time in 2009, up by 45.39 points on the back of a smart rally in stocks of metals, pharma, banks, and auto.
The Bombay Stock Exchange 30-share index earlier touched a high of 10,127.09 and fell to a low of 9,913.40 before
bouncing back to close higher by 0.45 per cent at 10,048.49 over the previous close. At the day's high it was up by 124
The broader 50-issue Nifty of the National Stock Exchange also improved by 26.40 points or 0.86 per cent to close at
3,108.65 from its last close.
Brokers attributed the initial smart surge in the Sensex to the strong rally on Wall Street amid sustained buying by
foreign funds. The Dow Jones Industrial Average and the Nasdaq Composite Index were up by 2.25 per cent and 3.80 per cent, respectively, on hopes that the US economy's worst days might be over.
However, narrowly mixed trends in Asian indices at the end today weighed on the index and it surrendered part of the
early gains on profit-booking by wary investors.
Foreign institutional investors (FIIs) pumped in Rs 2,603 crore in the first four days of the week, including
provisional data of March 26.