The Hindu : Sensex crosses 5400 mark

Online edition of India's National Newspaper
Wednesday, Dec 17, 2003

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Business

Sensex crosses 5400 mark

MUMBAI DEC. 16. Helped by a smart rally in select heavy weighted counters, the Sensex surged by yet another 46.17 points to close at 5437.05 on the Bombay Stock Exchange today, driven-up by sustained buying by foreign funds and local retail operators.

Overcoming early blips, the Sensex forged ahead on renewed buying enquiries from foreign institutional investors, coupled with support from local funds, to maintain the buoyant sentiment of the market and extend the rally to the sixth straight session, dealers said.

0The rise in the Sensex could be gauged by a smart rise in 17 out of 30 index-based counters including heavyweights such as HLL, RIL, Infosys Technologies, BHEL, ICICI Bank, ITC and Ranbaxy, they added.

Petrochemical giant Reliance Industries and fast moving consumer goods giant, Hindustan Lever continued to remain in limelight and notched up handsome gains.

The BSE-30 share sensitive index opened lower at 5374.15 and dipped to a low of 5351.21 following negative advices from the Wall Street where the Dow Jones Industrial Average and the tech-heavy Nasdaq Composite Index dropped by 19.34 and 30.74 points yesterday.

Renewed buying, however, pushed up the Sensex to a high of 5445.34 before concluding at 5437.05 against 5390.88. The broad-based BSE-100 index ended fractionally up at 2789.82 against 2788.88. — PTI

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