Buoyed by growth projections, Sensex closes above 15K - Hindustan Times
close_game
close_game

Buoyed by growth projections, Sensex closes above 15K

PTI | By, Mumbai
Jun 09, 2009 05:38 PM IST

Buoyed by positive economic growth estimates by the government, the Bombay Stock Exchange benchmark Sensex today surged by over 461 points on aggressive buying by funds to regain the 15,000-level which it lost in yesterday’s steep fall. Prime Minister Manmohan Singh’s comments on economic growth immediately triggered hefty buying interest on bourses.

Buoyed by positive economic growth estimates by the government, the Bombay Stock Exchange benchmark Sensex today surged by over 461 points on aggressive buying by funds to regain the 15,000-level which it lost in yesterday’s steep fall.

HT Image
HT Image

Prime Minister Manmohan Singh’s comments on economic growth immediately triggered hefty buying interest on bourses. Winding up a debate in Parliament, Singh said the economy can grow by 8-9 per cent rate despite global slowdown.

Hindustan Times - your fastest source for breaking news! Read now.

With funds turning aggressive buyers, the barometer, which opened remarkably lower, shot up 461.08 points to close close at 15,127.00.

Wider National Stock Exchange index Nifty also spurted by 121.05 points at 4,550.95.

Realty major DLF was biggest gainer among Sensex stocks at 10.07 per cent, followed Jaiprakash Associates at 8.18 per cent, Reliance Com at 7.37 per cent, Ranbaxy at 6.37 per cent and Larsen and Toubro by 6.39 per cent.

Market leader Reliance Industreis also spurted by 3.79 per cent, followed and IT bellwether Infosys 3.60 per cent. Banking major SBI too shot up by 4.02 per cent.

The benchmark index had fallen by nearly 438 points to close below 15,000 level yesterday.

Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it's all here, just a click away!- Login Now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Thursday, March 28, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On