Sensex ends positive as inflation falls
The benchmark Sensex ended nearly 25 points higher on the Bombay Stock Exchange on a host positive news including fall in inflation for the second week.business Updated: May 11, 2007 16:33 IST
The benchmark Sensex ended nearly 25 points higher on the Bombay Stock Exchange on Friday on a host positive news including fall in inflation for the second week and a rise the industrial production.
The BSE-30 share Sensex, which had ended 10.28 points higher on Thursday, gained another 24.93 points to close at 13,796.16 after touching the day's high of 13,864.18 and a low of 13,554.34 points.
Similarly, on the wide-based National Stock Exchange, Nifty ended 9.85 points higher at 4,076.65 points after dipping below 4,000 points to touch session's low of 3,981.15.
Stock brokers said fall in the wholesale price-based inflation for the second week in a row to 5.66 per cent for the week ended April 28, easing pressure on interest rates, influenced the trading sentiments.
Reports that the country's industrial production rose to 12.9 per cent during March 2007 also affected the markets positively, they said.
Stocks of banking, PSUs and Oil and Gas sectors were major gainers, pushing the Sensex into the positive zone.