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Tuesday, May 10, 2005

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Sensex up 93 points


MUMBAI: The Sensex on Monday rallied sharply by a steep 92.87 points to close above the strong 6450-resistance mark at 6481.35 on the Bombay Stock Exchange following all round sustained buying by local funds and operators, stretching the bull rally for the sixth straight session.

Leading the pack by IT segment, shares from other sectors such as auto and capital goods also registered handsome gains on heavy buying interest.

The BSE benchmark 30-share sensitive index opened slightly better at 6391.80 against last Friday's close of 6388.48 and after remaining in the positive terrain throughout the day, touched a high of 6487.12 and concluded at 6481.35, a sharp rise of 1.45 per cent. The market was rising steadily since last Monday and the BSE barometer spurted by 326.91 points or 5.31 per cent in the last six sessions.Small-cap counters attracted renewed buying from retail investors and notched smart gains at close.

PTI

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