Capital market rebounds as RIL crosses Rs 1000 again

The Sensex, which opened the day lower by 250 points, rebounded on heavy buying by funds in blue-chip stocks led by Reliance Industries.

Emergence of buying by foreign as well as domestic funds wiped off early losses on the Bombay Stock Exchange on Friday, as the benchmark Sensex ended with a hefty gain of 125.42 points at 10,401.30.

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The Sensex, which opened the day lower by 250 points, rebounded on heavy buying by funds in blue-chip stocks led by Reliance Industries.

The wide-based National Stock Exchange index Nifty, after opening lower by 75 points, closed the day with a gain of 47.95 points at 3042.70.

Reliance Industries surging again to cross a psychological four-digit level of Rs 1000 was the attraction of the day's trading. The counter having maximum weightage of 11.42 per cent on the Sensex, rose by Rs 38.05 at Rs 1011.95, after touching a high of Rs 1018.