Sensex ends over 47 points up
Thee BSE Sensex on Tuesday closes higher by over 47 points on the back of funds buying in heavy-weight stocks such as Reliance Industries.business Updated: Jun 12, 2007 16:24 IST
Buoyed by the robust industrial growth, the Bombay Stock Exchange benchmark Sensex on Tuesday closed higher by over 47 points on the back of funds buying in heavy-weight stocks such as Reliance Industries.
The Sensex, which had gained over 19 points on Monday, gathered 47.54 points to close the day at 14,130.95 points after dipping below 14k level to hit day's low of 13,946.99.
In likewise manner, the wide-based National Stock Exchange's index Nifty closed with a gain of 9.60 points at 4,155.20 after touching an intra-session low of 4,100.80.
Market observers said a buoyant manufacturing sector, which pushed up industrial growth to 13.6 per cent in April against 9.9 per cent in April 2006, triggered a late surge in stock prices, helping the Sensex to close in positive zone.
Major supporter to the Sensex was RIL, which ended Rs 31.35 , or almost two per cent higher at Rs 1699.55.
Other gainers were ACC, Grasim Industries, HDFC Ltd, ICICI Bank, Larsen and Toubro, Tata Steel and Hero Honda.