Sensex closes above 13k on global cues
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Sensex closes above 13k on global cues

The BSE index rises 321 pts to close at 13,178 on heavy buying in blue-chips by foreign and domestic funds.

business Updated: Apr 09, 2007 18:54 IST

Extending gains for the fourth straight session, the Bombay Stock Exchange benchmark Sensex crossed the 13k level on Monday thanks to an over 321 points rally fuelled by buying in heavyweight metals, IT, capital goods and banking sector stocks.

The BSE-30 share index, Sensex which had gained almost 400 points in the past three trading sessions, climbed 321.66 points, or 2.5 per cent to close at 13,177.74. It moved between 13,194.00 and 12,904.85.

Similarly, the wide-based National Stock Exchange index Nifty also crossed 3,800 points mark to close at 91.50 points, or 2.44 per cent higher at 3,843.50.

All the 11 key segment indices ended in the positive zone with sizable to moderate gains, reflecting widespread buying activity.

Market observers said besides massive buying by funds, expectation that corporate giants might come out with strong earnings for the fourth quarter, beginning later this week, also triggered buying activity.

Firming trends at other Asian markets too buoyed the trading sentiment in Mumbai, they said.

First Published: Apr 09, 2007 16:04 IST