Sensex 115 points up in early trade
Continuing its winning-streak, the benchmark index climbs to hit another intra-session high of 15,426.68.business Updated: Jul 17, 2007 11:28 IST
Continuing its winning-streak, the BSE benchmark Sensex climbed to hit yet another intra-session high of 15,426.68 points on Tuesday, gaining over 115 points on reports that the nation's most valued firm RIL has struck huge gas reserves in Cauvery Basin.
The Bombay Stock Exchange (BSE) 30 share index, which gathered almost 400 points in the previous three sessions, added 115.46 points to hit new the intra-session high of 15,426.68 in the first five minutes of trading.
Similarly, the wide-based National Stock Exchange's index Nifty rose 35.75 points at 4,547.90, also a new high.
Stock brokers said reports that Reliance Industries (RIL) has found huge gas reserves in the Cauvery basin, buoyed the trading sentiments and triggered widespread buying activity.
Reliance Industries stocks shot up by Rs 33 at Rs 1,810, supporting the rise in the Sensex.
IT major Tata Consultancy Services stocks regained strength to quote Rs 31.10 higher at Rs 1,160 after the company posted better than expected Q1 earnings.
Other gainers were Satyam Computers, Infosys Technologies, Larsen and Toubro, Ranbaxy, ACC, ICICI Bank and BHEL.