Sensex regains 13k mark in early trade
Maintaining its three-session winning streak, the BSE Sensex climbs 315 points on sustained buying.business Updated: Mar 22, 2007 13:06 IST
Maintaining its three-session winning streak, the Bombay Stock Exchange benchmark Sensex climbed nearly 315 points on Thursday on sustained buying by funds amid short-covering, triggered by firming global markets.
The 30 share index (Sensex), which had gathered over 515 points in the last three sessions, zoomed by 314.32 points at 13,260.20 largely on all-round buying in heavy-weight stocks of banking, IT, metals and capital goods segment.
Similarly, the Nifty index on the wide-based National Stock Exchange also spurted by 100.05 points at 3,864.60.
Stock observers said apart from funds buying, heavy short-covering in derivative segment by operators gave a push to rising prices.
They said US Fed decision to keep interest rates unchanged at 5.25 per cent was another positive factor.
Major contributors to the Sensex were Reliance Industries, ACC, State Bank of India, HDFC Bank, ICICI Bank.