Markets up for the 7th day in a row; Sensex gains 155 points

Sep 15, 2010 |

mumbai

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Sensex

Rising for the seventh day in succession, the BSE benchmark Sensex on Wednesday closed up by 155 points to touch a fresh 32-month high on sustained capital inflows.

The 30-share Sensex of the Bombay Stock Exchange added 155.15 points to close at 19,502.11, a level last seen in January 2008. The key index had gained 1,126 points in previous six days. Broader National Stock Exchange index Nifty also rose by 65.40 points to 5,860.95.

Reliance Industries, which has the maximum weigh in the Sensex, gained Rs 22.70 to settle at Rs 1,010.45, bolstering the market sentiment. IT stocks were flavour of the day as Infosys, the second-most heaviest among the Sensex stocks rose by Rs 74.20 to end at Rs 3,050.15 and TCS by Rs 19.45 to Rs 913.60. Both touched their record high levels.

Banking and financial company stocks, which had been on the fore-front in last few sessions, turned cautious ahead of the Reserve Bank's credit policy to be announced on Thursday.

The IT sector index gained the most at 2.49 per cent followed by oil and gas index which was up by 1.85 per cent. Shares of major oil companies, including HPCL and ONGC, advanced to all-time highs, driven by buoyant investor sentiment.

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