Thu close: Sensex surges 165 points
The benchmark BSE index rallies smartly to reach its highest level in about 4 months on aggressive buying.india Updated: Sep 21, 2006 17:46 IST
The Bombay Stock Exchange benchmark index, Sensex, continued its upward rally with a jump of 165 points on Thursday to its highest level in about four months on the back of aggressive buying in a number of banking and technology stocks.
The 30-share barometer index closed 165 points higher, representing a gain of 1.36 per cent, to settle at 12,274.27, the highest close since May 12.
The benchmark index has added more than 300 points in the two consecutive trading sessions, following a gain of over 138 points on Wednesday.
However, buying interest was mostly confined to banking and technology segments, the brokers said. The market sentiments gained on the back of the US Federal Reserve keeping its benchmark interest rates unchanged on Wednesday.
The reports of the Reserve Bank of India maintaining its target for inflation and economic growth for the financial year ending March 31 also boosted the market sentiments.
The Sensex touched an intraday high of 12,285.90 and a low of 12,167.91 points on Thursday.
The National Stock Exchange benchmark index Nifty also added 50.25 points to close at 3,553.05 points after touching day's high of 3556.35 points.