Sensex continues to rise, adds 45 pts
Sensex added 44.54 points to close at 16,783.87 as funds remained net buyers influenced by better quarterly results.business Updated: Apr 22, 2008 18:13 IST
The Bombay Stock Exchange benchmark Sensex gained 45 points on buying by funds in fundamentally strong stocks, maintaining the upward march for the seventh straight session.
The Sensex, which recorded a gain of nearly 976 points in last six trading sessions, added 44.54 points to close at 16,783.87 as funds remained net buyers influenced by better quarterly results.
The key index touched the day's high of 16,853.96 and low of 16,597.53 points.
The wide-based Nifty of the National Stock Exchange rose by 12.30 points at 5,049.30, after touching the day's high of 5,074.25 and low of 4,994.05 points.
The market moved up on the back of a firming trend in realty, metal and capital goods sector. Realty index rose the most by 230.37 points at 7,906.14, followed by metal index by 314.69 points at 15,529.38. Capital goods index rose by 259.32 points at 13,928.71.
As buying spilled over a wide front, midcap index rose by 54.36 points at 7,037.62 and smallcap index by 45.25 points at 8,798.08.
However, a steep fall in information technology stocks led by Tata Consultancy Services, pulled down the IT sector index by 177.67 points at 3,930.47.