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2008-05-13

Sensex regains 17K level; IT leads

The Bombay Stock Exchange benchmark Sensex on Tuesday regained the 17K level by rising over 170 points in early trade on buying by funds in heavy-weight stocks, tracking firm global Markets.


The 30-share index shot up by 170.18 points to 17,031.08 in the first five minutes of trade. It had gained 123.83 points on Monday.


Similarly, the National Stock Exchange index Nifty surged by 46.15 points to quote higher at 5,058.80.


Marketmen said a firming trend in the global Markets mainly boosted the trading sentiments.


The major gainers which supported the Sensex were Reliance Industries, Reliance Petroleum, Reliance Communications, Reliance Energy, ACC, Larsen and Toubro, BHEL, State Bank of India, HDFC Bank, ICICI Bank and Grasim Industries.


Among technology stocks, Infosys Technologies, Satyam Computers, TCS and Wipro were also in positive zone with gains on funds buying.

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Disclaimer

Ours is an advisory role. The final decision and consequences based on our Information is solely yours. Moreover, in keeping with regulatory guidelines, we do not guarantee any returns on investments. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice.