Friday, March 12, 2010

BSE Index Rises Sharply For Another Consecutive Week

By: Isha Chopra

The BSE (Bombay Stock Exchange) index today gained over 77 points in the early trade and reached a figure of around 17,224.54 points. The gain is on account of persistent capital flows by foreign investors from global market. Another factor which further aggravated the upside movement in Sensex is affirmative industrial growth in the past months which prompted foreign funds in Indian market. The move towards north depicted net increase by 76.58 points i.e. 0.44 per cent in the 30-share index was facilitated by gaining over 115 points in the past 2 sessions. The sectoral indices of BSE also moved towards north and rose by around 0.53 per cent.

The benchmark index of National Stock Exchange (NSE), NIFTY also rose by 0.48 per cent i.e. around 24.70 per cent, and reached at 5,185.10 points in early trades in this morning.

The companies leading the gain in Sensex were Mahindra & Mahindra with 2.13 per cent of gain, Sterilite Industries with 0.71 per cent of gain, Maruti Suzuki with 1.22 per cent of gain, State Bank of India with 0.50 per cent of gain and Tata Steel with 0.42 per cent of gain. The BSE Index has apparently closed at 172 points higher than its previous close last week.


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